BFM 89.9
The Business Station
Can the Progressive Wage Model Solve Malaysia’s Low-Income Problem?
34 mins
·
15:00, 7 Dec 2023
·
Recommended
Guest: Kevin Zhang, Senior Research Officer, ISEAS-Yusof Ishak Institute
If there’s one thing Malaysians can agree on is that wages in this country have been pretty abysmal. We have a shrinking middle class, 35% of working people in the formal sector earn below RM 2000 and the median wage is only RM 2600 – which means 50% of the country earns less than that.
One policy initiative brought about by the Minister of Economy, Rafizi Ramli is the Progressive Wage Model, which draws inspiration from a similar system in Singapore. The minister recently tabled the policy whitepaper in Parliament and we unpack that with Kevin Zhang of ISEAS-Yusof Ishak Institute.
Image Credit: Shutterstock
Presenter: Dashran Yohan
Producer: Dashran Yohan
Share:
Recent episodes
0
Latest stories
Podcasts · Jan 2 · 10:00AM
What Are Your 2025 Resolutions?
1 hr
Podcasts · Jan 2 · 9:00AM
Top 5 at 5: What's Next for Anti-Graft Efforts in 2025?
45 mins
Podcasts · Jan 2 · 8:00AM
Counsellor’s Corner: Reclaim Your Spark This Year
38 mins
Can the Progressive Wage Model Solve Malaysia’s Low-Income Problem?
34 mins
·
15:00, 7 Dec 2023
Guest: Kevin Zhang, Senior Research Officer, ISEAS-Yusof Ishak Institute
If there’s one thing Malaysians can agree on is that wages in this country have been pretty abysmal. We have a shrinking middle class, 35% of working people in the formal sector earn below RM 2000 and the median wage is only RM 2600 – which means 50% of the country earns less than that.
One policy initiative brought about by the Minister of Economy, Rafizi Ramli is the Progressive Wage Model, which draws inspiration from a similar system in Singapore. The minister recently tabled the policy whitepaper in Parliament and we unpack that with Kevin Zhang of ISEAS-Yusof Ishak Institute.
Image Credit: Shutterstock
Presenter: Dashran Yohan
Producer: Dashran Yohan
Share:
Recommended
Jan 2
·
1 hrWhat Are Your 2025 Resolutions?
Jan 2
·
38 minsCounsellor’s Corner: Reclaim Your Spark This Year
Download app
60,000 other podcasts in your hand
Recent episodes
0
Latest Stories
Podcasts · Jan 2 · 1 hr
What Are Your 2025 Resolutions?
Podcasts · Jan 2 · 45 mins
Top 5 at 5: What's Next for Anti-Graft Efforts in 2025?
Podcasts · Jan 2 · 38 mins
Counsellor’s Corner: Reclaim Your Spark This Year