tag:blogger.com,1999:blog-6297413898275266606.post8200586100993106159..comments2024-03-27T18:15:59.096+08:00Comments on Economics Malaysia: Thinking About Labour Markets: Partial Equilibrium Fallacieshishamhhttp://www.blogger.com/profile/06265308095732759923noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6297413898275266606.post-32559869158943051802016-05-06T09:51:36.911+08:002016-05-06T09:51:36.911+08:00@Muhammad Syafiz Sapian
1. As I understand the pr...@Muhammad Syafiz Sapian<br /><br />1. As I understand the process, foreign workers are on time limited visas, so they have to go back after 5 years or so. The big issue now (on top of any expansion plans) is that workers are having to be sent back, but the freeze on hiring means no replacements.<br /><br />2. The minimum wage is not wholly about addressing the cost of living, though that is one hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-29436192192117346602016-05-04T13:46:38.415+08:002016-05-04T13:46:38.415+08:00 foreign workers do comprise large portions of our... foreign workers do comprise large portions of our labor in which no such economic activities would happen without their presence, but are we talking about further increasing the supply of foreign labor?<br /><br />Another question I have is about minimum wage. Very eye opening, but is this the best way to address inflation? My two cents is that increasing minimum wage could increase inflation Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-40894387001359895232016-05-04T02:55:14.075+08:002016-05-04T02:55:14.075+08:00This comment has been removed by the author.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-8075186545241239882016-03-24T12:23:38.169+08:002016-03-24T12:23:38.169+08:00@anon
Outward remittances was about RM33b last ye...@anon<br /><br />Outward remittances was about RM33b last year, so its not peanuts.<br /><br />On the other hand, foreign workers comprise 1/3 of manufacturing labour and nearly half of construction. That's economic activity that wouldn't be there without the availability of that labour.<br /><br />On net, the country still gains.hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-15497914895862181892016-03-22T23:56:39.782+08:002016-03-22T23:56:39.782+08:00On foreign labour vis a vis aggregate demand and c...On foreign labour vis a vis aggregate demand and consumption, i think we must also take into account the fact that most of the wages earned are repatriated origin countries..Anonymousnoreply@blogger.com