Friday, May 04, 2012

Minimum Wage Policy....

RM900.00 as announced by PeeM would be our national minimum wage for all industries in Peninsular Malaysia except domestic category. There are pros and cons in any issues which include this minimum wages policy depending on what perspective angle you are looking at and/or which shoes are you in?

As for me, my concerns are:-
  1. Either minimum wage can match the level of productivity of staff towards good ratio on cost vs profit.
  2. Is the inflation will be flying high namely on items which is not controlled by KERAjaan?
  3. Are the staff benefits will be reduced to only basic as required by Employment Act 1955 to substantiate the higher overhead cost?

Of course there are many mores but the above 3 are my priority.

I may not good in economic impact analysis as a result of the announcement of minimum wages but logically speaking, if the cost is higher, definitely the price will follow suit. Simple interpretation without having to have Phd in Economic or butt licking attitude. 

KPDNKK will be down to earth in making inspection on the prices but what can they do for those uncontrolled items. Citing example, can they (KPDNKK) take action if mamak restaurant charging RM1.50 per glass of plain water? The answer is NO as the item is not listed as controlled item. Please refer here for list of controlled items.

The most they can do is checking either there is a price list or not or threat the owner with 1001 actions to be taken. Mind you people are smart and not stupid nowadays. That's all, full-stop leaving all people suffering despite having noted their minimum wage id RM900/month. 

Pity Sawarakians and Sabahans only to get RM800/month even though their cost of living and prices of controlled items is much higher than Peninsular Malaysia. 
  • Maybe because no matter what people there will vote for B-eNd. 
  • Maybe KERAjaan is scare and try to win back people here.
I said MAYBE and this word will refer to its own meaning. 

Well, only time will tell you.....

1 comment:

Anonymous said...

Salam,

How r u, long time no see? welcome back, I hope u'll be here for along long time, or at least until GE13..

TC