Sharp hike in minimum wage may derail businesses, says group

Raevathi Supramaniam

The Federation of Malaysian Manufacturers says a gradual increase in minimum wage will still be able to address the high cost of living. – The Malaysian Insight file pic, March 20, 2022.

THE drastic increase in minimum wage may derail businesses that are just getting back on their feet following pandemic-induced lockdowns, said the Federation of Malaysian Manufacturers (FMM).

President Soh Thian Lai said the federation is disappointed that the government did not heed its advice to progressively increase the minimum wage.

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  • This is not a sound economic decision but a populist decision that could ruin businesses which will then result in more unemployment. But do they care as long as they get re-elected

    Posted 4 months ago by Brave Malaysian