Bank Negara has urged the government to improve labour laws and reform the labour market following research which suggests Malaysian workers are not adequately compensated for their work.
This was based on a study published in the central bank’s 2018 Annual Report, which was released to the public today."The corresponding wage received by a worker in benchmark economies for producing the same output is higher at US$510 ," the study read. Commenting on the findings today, bank governor Shamsiah Mohd Yunus urged Pakatan Harapan to focus on creating more high-skilled and high-paying jobs if it wanted Malaysia to be a high-income economy.
shd remove 6mth training fund and loosen requirements with regards to foreign work permits; the optimal catalyst for development for talent in financial sector
Low quality education, low productivity and yet we are trying to pay higher. Something is a miss here.
Why is it like this today? Can we attract the skilled high paying jobs with an education stabdard that is third world. High skilled jobs are also being courted by countries like Singapore.Can we compete with their educational standards. Honestly look at ourselves!
UNDERPAID NOT UNDERPANTS...ITS BEEN GOING ON TOO LONG
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