Monday, June 11, 2012
Akibat Otak Lebih Lembab Dari Mulut......
Tuesday, June 05, 2012
This Is "Y"....
Thursday, May 31, 2012
How Economic TransPORNOmation Work?...
Wednesday, May 30, 2012
Jokes Of The Week...
Is It True, Seriously?....
Wednesday, May 09, 2012
I'm Confuse, Do you?...
Friday, May 04, 2012
Minimum Wage Policy....
- Either minimum wage can match the level of productivity of staff towards good ratio on cost vs profit.
- Is the inflation will be flying high namely on items which is not controlled by KERAjaan?
- Are the staff benefits will be reduced to only basic as required by Employment Act 1955 to substantiate the higher overhead cost?
- Maybe because no matter what people there will vote for B-eNd.
- Maybe KERAjaan is scare and try to win back people here.
Monday, April 30, 2012
Labour Day Special Announcement....
Thursday, April 19, 2012
Minimum Wage Policy... View No. 2
I DO not agree with those who argue that the introduction of the minimum wage scheme would cause inflation to go out of hand.
On the contrary, lowering wages or stagnating them would make workers’ lives unbearable and is a sure-fire way to erode the nation’s economy and well-being of its citizens.
Industrialists and employers in developing countries are in the habit of bandying around words like efficiency, productivity and competitiveness, in a master design to lower labour costs.
But what do we see on the ground in most of the first world countries? High wages.
If we do not have a minimum wage scheme, employers may be tempted to lower the wages as much as they want in the frightening name of “inflation”.
The truth is that the act of lowering wages will trigger our industries to become less efficient, productive and competitive.
High wages are the incentives that propels technical and business innovation and, without them, we would soon become just another low-wage country struggling to eke out an existence.
History tells us that, for instance, in Australia and Argentina around the beginning of last century, were two of the richest countries per capita in the world.
Argentina which opted for a low-wage economy has virtually marked time and presently is behind Australia by over six decades.
So we must ask ourselves: What augurs well for our future and the future of our children?
Using inflation as the whipping boy to stifle wages is just a ruse by employers to enhance their profiteering and vested interests.
The private lives and well-being of the employees must be balanced against the profiteering by crass merchants.
Should the minimum wage be implemented, it is hoped that employers will not offset their “losses” by increasing the working hours of the employees. This would bring us back to square one.
Should this happen, family life will be disrupted. Spouses will be seeing less of each other and kids will be having a gala time on their own or with friends.
The authorities must oversee the situation in that material gain is not overtaken by family and social priorities.
Source from here...
Tuesday, April 17, 2012
Minimum Wage Policy...View No. 1
LATELY, there have been plenty of discussions regarding the minimum wage implementation in Malaysia. I’m not a business owner but I feel imposing the minimum wage at this time is not the right step. The minimum wage concept is a double edged sword.
Let’s analyse the core issue here. The cost of living is rising and the salaries of the lowest earners are insufficient. Raising income sounds fine in this equation, but let’s not forget that what goes around actually comes around.
Opponents of minimum wage say that employers are greedy and only think of profits. To a certain extent, this is correct. Let’s get real. Entrepreneurs rarely sacrifice their own goals, otherwise they would have been running a charitable organisation.
Who are we to be so naive to think that manufacturers will not increase prices based on operating costs having risen? Look at the increase in the price of sugar and flour.
Malaysians should have learned by now that it actually helps provide the truly greedy entrepreneurs with the perfect excuse to increase prices.
I say perfect because unlike sugar and flour, nobody else but the employers know the true incremental cost as a result of increasing wages.
Let’s look at the impact of such incremental costs on businesses, and ultimately employees.
If we remember the days of the financial downturn, both employee numbers and working hours were reduced. The same will happen because the name of the game is controlling cost-revenue ratios.
Malaysia would be less attractive to investors simply because the cost of doing business would have risen again. We should not forget that these investors bring in cash as well as keep our citizens gainfully employed.
With minimum wage, a majo-rity would have better pay, but those in non-core areas would have to go because the cost of having surpluses now would become untenable.
Even worse, over time, these foreign investors could pack up and leave for lower cost countries where a good portion of the population can converse in English and command lower pay.
This leaves Malaysians with fewer job opportunities and when this happens the problem would extend to middle wage earners.
Worse, local workers will gradually be replaced by foreigners, whom I suspect would not fall under the jurisdiction of the Act because applying the minimum wage to foreigners would certainly kill off SMEs, unless businesses increase prices, and that puts us back at square one plus inflation.
The right manner of addressing this issue is to look into the causes, or to address the core areas of discontent.
I believe if we concentrate on providing reasonable public healthcare, housing and education to every Malaysian, we would’ve solved the problem.
Source from here...




