tag:blogger.com,1999:blog-6297413898275266606.post7432132567213614619..comments2024-03-27T18:15:59.096+08:00Comments on Economics Malaysia: The Economist On Inequalityhishamhhttp://www.blogger.com/profile/06265308095732759923noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-6297413898275266606.post-59101557605559314592012-11-01T12:11:44.697+08:002012-11-01T12:11:44.697+08:00Zuo De,
The link between globalisation and slowin...Zuo De,<br /><br />The link between globalisation and slowing wage growth is relatively new - for Malaysia, we're really only talking about the last ten years or so. However, the link between lower taxes and lower wages is decades old, dating back to the early 1980s, and contrasts sharply with the experience of the 1950s-60s in the West where taxation was high but wage growth was strong.<br /hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-36605861313173893232012-11-01T11:58:38.130+08:002012-11-01T11:58:38.130+08:00And i read your article on link that between lower...And i read your article on link that between lower tax rates and greater wage growth suppression. my thought is that lowering tax rate does not cause wage suppression per se but it is the globalization and import of cheaper foreign labour that is the main cause of wage growth suppression especially for the lower wage earner.<br />Zuo DeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-26471726454488309852012-11-01T11:30:42.221+08:002012-11-01T11:30:42.221+08:00Zuo De here,
Indeed inequality is everywhere on e...Zuo De here,<br /><br />Indeed inequality is everywhere on earth and indeed Warrior 231 voters seem to have high "knowledgeability".<br /><br />i stumble upon a book recently in Singapore on the same subject called <br />singapore perspective 2012 by institute of policy studies. i find it a good read on how policies are made and on what basis that may cause the inequality and what Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-88153928394212395022012-10-25T17:57:30.731+08:002012-10-25T17:57:30.731+08:00A fascinating article, thanks.
Salam Hari Raya wa...A fascinating article, thanks.<br /><br />Salam Hari Raya warrior, hope you have a good holiday.hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-58033026933595628812012-10-24T17:39:51.971+08:002012-10-24T17:39:51.971+08:00Sorry Hisham, the paper is indeed up. My mistake:
...Sorry Hisham, the paper is indeed up. My mistake:<br /><br />http://www.ncbi.nlm.nih.gov/pmc/articles/PMC3062901/<br /><br />Warrior 231Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-82264243980136792722012-10-23T08:55:43.282+08:002012-10-23T08:55:43.282+08:00I suggest you open your eyes and look further afie...I suggest you open your eyes and look further afield.<br /><br />Wealth and income inequality is a global phenomenon, not a local one, and has been going on for the last 30-40 years. It is not just Malaysians, but Singaporeans, Chinese, Americans, Italians, Koreans and more...even famously egalitarian Switzerland and Japan have been seeing inequality creeping up.<br /><br />Defining wealth and hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-66505056485457676842012-10-22T19:11:58.279+08:002012-10-22T19:11:58.279+08:00To understand a problem that you dont understand i...To understand a problem that you dont understand is to first realise that you dont know much about it.<br /><br />Cronyism, monopoly, budget surplus are just human made up terms.<br /><br />But poverty, no food, heavy load are reality that the human can sense.<br /><br />To cloak your inability to solve the problem of wealth inequality with something more fundamental in society is a cop out.<br The Malays, 22 lost yearsnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-14618835555201612092012-10-22T08:47:36.633+08:002012-10-22T08:47:36.633+08:00I don't know that reversing cronyism and break...I don't know that reversing cronyism and breaking up monopolies would necessarily lead to lower inequality - the problem runs much deeper than that. It's not just about the top 1% of income earners, it's the structure of incomes throughout.<br /><br />Malaysia's Gini number has been constant but high since 1987, and the way it's being measured doesn't really capture the hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-67342801537574596662012-10-21T01:21:41.141+08:002012-10-21T01:21:41.141+08:00"One thing I do think the Economist has right..."One thing I do think the Economist has right though – we need a fundamental rethink in how we approach the problem of inequality. And one of the best ways to do that is to keep talking about it."<br /><br />Yes, I find this is a positive way to look at it. Keep talking about it because sometime it is the most obvious things that just need to adjusted to bring about equality.<br /><br /Abolishing Economic Inequalitiesnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-22186629050031830962012-10-19T12:00:22.263+08:002012-10-19T12:00:22.263+08:00@Economics fools..
Did you know that in the begin...@Economics fools..<br /><br />Did you know that in the beginning, the field of economics was actually called political economy?<br /><br />So I would say, arguing that the article is political and not economic, is like pointing to that bright spot in the sky and saying "that's not a star, it's the sun".<br /><br />Second, Afiq's link was actually off-topic and on the hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-77045543909726452672012-10-18T18:23:57.986+08:002012-10-18T18:23:57.986+08:00"At the core, there is a failure of ideas. Th..."At the core, there is a failure of ideas. The right is still not convinced that inequality matters."<br /><br />How true! This is the case with the Malays and UMNO. A lack of ideas and a failure of ideas.<br /><br />UMNO Presidents and council still dont understand why 1969 happens. Dont understand what merdeka means.<br /><br />They thought it is business as usual.<br /><br />The StarEconomics fools..noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-49099712938312505292012-10-18T12:03:58.493+08:002012-10-18T12:03:58.493+08:00@afiq,
I have to be a little careful about my com...@afiq,<br /><br />I have to be a little careful about my comments here, because I'm supposed to be giving a presentation to INCEIF in the next couple of months.<br /><br />Prof Mansor is right about one thing though - I consider household debt to be the biggest macro risk we're facing right now, even more than falling external demand or government debt.<br /><br />But he's also hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-43667294433863060522012-10-18T08:55:33.342+08:002012-10-18T08:55:33.342+08:00Hi Hisham,
Do you have any comments on this?
htt...Hi Hisham,<br /><br />Do you have any comments on this?<br /><br />http://biz.thestar.com.my/news/story.asp?file=/2012/10/18/business/12187780&sec=businessafiq syarifuddinhttps://www.blogger.com/profile/14149172974349367908noreply@blogger.com