tag:blogger.com,1999:blog-6297413898275266606.post5699328492927104355..comments2024-03-27T18:15:59.096+08:00Comments on Economics Malaysia: A Foreign Perspective On The Minimum Wagehishamhhttp://www.blogger.com/profile/06265308095732759923noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-6297413898275266606.post-30941860560083548352012-05-10T15:21:49.214+08:002012-05-10T15:21:49.214+08:00@Akubas86,
Let's say food comprises between 3...@Akubas86,<br /><br />Let's say food comprises between 30% to 40% of a monthly household budget (the actual weight in the CPI is a little over 30%). Out of that, say 10%-15% (i.e. 3%-6% of the total) is actually spent on proteins (fish, beef, chicken etc). The rest of the food items tend to be volatile but average prices haven't increased as much.<br /><br />If prices of proteins are hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-53342772108400776702012-05-10T14:45:47.436+08:002012-05-10T14:45:47.436+08:00Hishamh,
I guess when layman says that cost of li...Hishamh,<br /><br />I guess when layman says that cost of living increases it is most probably in association with household budget. I guess many perceived that at today rate's we can only bought fewer item than before. I assume when you say 'far lower than skyrocketing' what you meant; that there is some increment yet it is not substantial. Lastly, rent increment is understandable, Akubas86https://www.blogger.com/profile/03266996413760288759noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-67031382522260004032012-05-10T12:38:05.040+08:002012-05-10T12:38:05.040+08:00@Akubas86
It depends on which consumer prices you...@Akubas86<br /><br />It depends on which consumer prices you're looking at. If you're talking about clothing for instance, prices have been stagnant for a decade. What people are mostly likely feeling are the increase in food prices (you have to eat everyday). And within that limited category, it's really only meat and seafood that have been zooming up. But if you factor in food as a hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-15913167783453042682012-05-10T11:07:27.478+08:002012-05-10T11:07:27.478+08:00Salam,
BNM estimates inflation rate to remain 2-3...Salam,<br /><br />BNM estimates inflation rate to remain 2-3% despite implementation of minimum wage which make sense and totally reasonable. However some fellow ask me why when we always predict lower inflation yet our consumer prices continues to skyrocket. I had no evidence whatsoever on whether or not this claim is true. However many believed to be so. Perhaps you could explain on this issuesAkubas86https://www.blogger.com/profile/03266996413760288759noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-20212960686546220562012-05-05T13:55:20.610+08:002012-05-05T13:55:20.610+08:00Ironically, several months back cnn made a mini do...Ironically, several months back cnn made a mini documentary about a hard disk manufacturer that supplies to WD on how malaysian manufacturers abuse lowly paid foreigners and they wen interviewin dumb americans whther theyd buy WD proeucts if they knew.....itu pun salah<br /><br />Now malaysia have minimum wage....the fat mandur at indians restaurants also sad cannor make money coz no banglas or Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-91835076283075543002012-05-05T01:40:54.586+08:002012-05-05T01:40:54.586+08:00There are few relevant points from that interview....There are few relevant points from that interview. Somehow, the implementation of minimum wage will, inevitably, increase the cost because Malaysia relies to foreign workers too much. However,that is the main purpose of the implementation minimum wage in Malaysia. So that we won`t rely on cheap labour and moves to capital intensive. I guess all they want is to make Malaysian government look bad muhammadfaizhttps://www.blogger.com/profile/15592407006062008216noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-42758050621012612612012-05-04T13:06:49.130+08:002012-05-04T13:06:49.130+08:00Precious, they had to go and ask an indian restaur...Precious, they had to go and ask an indian restaurant operator of all places...the bbc reporting quality is pretty dismal and biased, no wonder bbc journalists are flocking to al jazeera...Anonymousnoreply@blogger.com