Minimum wage for Malaysia
May 4th, 2008 by Yvonne
A good leader, or any person in fact, would be so impatient, he can’t wait to give more. But when you concern yourself with having less in order to give more, then I am afraid your priority is displaced. Your giving is selfish.
I do not want to discuss politics, I do not want to talk economics. I just want to ask you very simple questions.
How do you serve people?
You sacrifice.
How do you give to people?
You sacrifice.
What do you give people?
By sacrificing the things you need most.
What does minimum wage mean?
1. More pay for workers.
2. Higher requirements for employment in return for better pay, which leads a demand for higher education standard.
3. Promotes competence and competitiveness among employees.
4. Better pay means more people would spend money. When more people spend money, they push prices down, as companies are now fighting for customers.
4. Finally, inflation is solved.
But our Prime Minister is worried that he would not get enough money to offset the cost of implementing minimum wage. Why should he worry? This is a question of economics. The economy regulates itself.
Don’t mix economics with politics.
Posted in Politics |
May 4th, 2008 at 10:36 pm
socially, it is good to have minimum wage. But the thing is, Malaysia’s economy is just not strong enought to implement such measure. Not talking politics… just pure economics… if there is minimum wage, Malaysia will lose its competitiveness.
Nonetheless, I still support minimum wage
May 4th, 2008 at 10:47 pm
4A i wrong though. more spending means more demand & which if supply doesn’t match, will lead to increased prices.
May 4th, 2008 at 10:49 pm
not exactly right there. the min wage will cause unemployment, more poignant because the unemployed will mostly come from the people who are already poor and uneducated taking up the low-paying jobs. which will disappear thanks to the min wage.
for the richer chaps, the min wage won’t affect them much. since the average wage is already higher than the min wage, their wages are unaffected. as a result, consumption doesn’t really go up, but the underclasses will lose their jobs.
which could increase crime.
May 4th, 2008 at 10:50 pm
There is nothing political in the implementation, is purely economics, it’s not feasible in our current level of industry focus, we are not in the innovative driven economy yet, while still a lot depends on the cheap labour forces….
Therefore no 2 of your argument don’t exactly fit well.
May 5th, 2008 at 9:16 am
Hello everyone! In my opinion, we should look at tackling the problems that would arise with the implementation of minimum wage rather than delaying it altogether. If minimum wage means depriving those without education, then create jobs for this group of people and strongly advertise working skill courses, equip them.
If there is a posibility short of supply, then free up the economy and allow fair competition.
But before all that can move, the minimum wage must be set into motion, so we clearly know what are we working towards.
The minimum wage can start low, and gradually increase over time. Don’t delay just because we can’t.
May 5th, 2008 at 3:59 pm
Good to meet you today. Have been surfing the blog for an hour or so. Very interesting! Do think about approaching a publisher about turning this into a book.
Reading your posts on the depression you suffered from going deaf, and the frustration of having to deal with those mutton headed quacks who are more interested in politics than healing, I think you should go for the clinical psych training.
Malaysia needs people who look outside the textbook. If you have the academic brains to do clin psy you need not work privately all the time - you could do a lot for charity. Also, it would give you a bigger platform to speak out on NF and the other subjects close to your hear.
But hey, if that’s not your bag, then how about taking up counseling?
Keep in touch. And if you feel down, isolated and generally pissed off, send me an email and I’ll take you to my local coffee shop Restoran Omok in SS15 opposite SJMC. It does a good teh tarik that has a sugar content that will make you feel more zippy
May 5th, 2008 at 5:57 pm
True to your argument that tackling about problems that may arise after implementation but 2 things needs to be bear in mind,
a) Reversing an minimum wage is disastrous
b) What makes us assume that rising the minimum wage would not make unemployment higher because of the cost factor ?
It’s not just economics that is driving the market mechanism, business decisions has equally the same impact.
May 5th, 2008 at 8:54 pm
Katz: Pleasure to meet you! A different kind of journalist with a keen eye for accuracy. I will remember and take your encouragement to heart.
Freethinker: Thank you. Actually, I just want to see progress. Better than not doing anything at all. What do you propose?
May 5th, 2008 at 9:02 pm
Hi,
Thanks for dropping by my blog. Appreciate it.
Minimum wage is very important. I think if we did a statistical breakdown of who needs the minimum wage protection most, you’ll find that it’s one particular race that needs it most. (I hate to be racializing this issue, but I suspect it could be true) And that race isn’t the dominant one, for sure.
Just food for thought.
May 6th, 2008 at 9:01 am
So much for bloody accuracy! Missed the products page on your blog that shows the book!
Will go to MPH later today, wait for people to crowd around the counter and then ask for it in a loud voice
May 6th, 2008 at 1:15 pm
Kat: Wow, you’re more gung ho than I thought!