Higher minimum wage both boon and bane

Chong Kok Boon

Business associations appear to rely on dated theories about higher pay adversely affecting employment, when recent studies have shown there is little or no effect. – The Malaysian Insight file pic, February 14, 2022.

BACK in November, the Malaysian Trades Union Congress (MTUC) urged the government to raise the minimum wage to RM1,500 by January 1, in accordance with the National Wage Consultative Council Act 2016 – which requires biannual revision of the minimum wage – since its last adjustment took effect in February 2020.

On February 5, Human Resource Minister Saravanan Murugan hinted that a new minimum wage of “around RM1,500 a month” is expected to be implemented before the end of 2022.

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