tag:blogger.com,1999:blog-6297413898275266606.post1399004429134992004..comments2024-03-27T18:15:59.096+08:00Comments on Economics Malaysia: A High Minimum Wage Is Not Necessarily A Good Thinghishamhhttp://www.blogger.com/profile/06265308095732759923noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6297413898275266606.post-38679469017273450382011-06-27T08:55:36.225+08:002011-06-27T08:55:36.225+08:00Greg, thanks for the link, it's very useful.
...Greg, thanks for the link, it's very useful. <br /><br />I'm not arguing against a minimum wage - what I'm arguing against is shock therapy. Raising wages for what is effectively more than half the households in the Malaysian labour market, as is being advocated here, is going much further than protecting low wage workers, and <i>will</i> have adverse consequences.<br /><br />The low hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-54607204149819359352011-06-27T01:58:15.223+08:002011-06-27T01:58:15.223+08:00Hi Hisham,
I think its more complex than as you ...Hi Hisham, <br /><br />I think its more complex than as you have made out to be. I also think the need for minimum wage in Malaysia is justifiable and necessary. <br /><br />Firstly, the labour market in Malaysia is artificially depressing wages in Malaysia. This leads to a whole lot of issues - ranging from social justice to industrial upgrading (Malaysia's dysfunctional labour market Greg Lopezhttps://www.blogger.com/profile/03717331115173935202noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-18271466210553692552011-06-18T20:18:23.372+08:002011-06-18T20:18:23.372+08:00If only the the politicians see these points ... s...If only the the politicians see these points ... sigh. regional/geographical fair wages are better than a fixed minimum wage policy.Goh Wei Lianghttps://www.blogger.com/profile/00183472011202771675noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-87528536590328423832011-06-15T20:58:19.391+08:002011-06-15T20:58:19.391+08:00Brilliant. I've been waiting for someone to sa...Brilliant. I've been waiting for someone to say all that.wallahttps://www.blogger.com/profile/17580252352785040456noreply@blogger.com