Rethinking Malaysia's Minimum Wage
from Enterprise Explores Hosted by BFM Media
The government is reviewing Malaysia's RM1,700 minimum wage, weighing inflation, the poverty line, median wages, productivity, and unemployment. Dr Juita Mohamad tells us why a minimum wage alone isn't the real goal: the bigger question is closing the gap between that floor and a genuinely decent standard of living, using tools like wage subsidies, productivity incentives, and social protection. We also discuss reasons why Malaysia's wages and income share of GDP have stayed stubbornly low, and how it ties back to the country's slow climb up the value chain.
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