Tuesday, October 22, 2024

Employers in three states said not ready for minimum wage RM1,700

 

 

  • KL : Employers in three states said not ready for minimum wage RM1,700
  • In Utusan Malaysia today, employers in Perlis, K'tan, Sabah said 
  • slow economic growth did not allow them to absorb RM200 increase
  • the states were small, cost of living low
  • in Sabah cost of raw materials lot higher than Peninsular
  • Perlis Chinese Chamber of Commerce chairman Koay Chee Khoon said  
  • employees across various sectors only SPM
  • big burden to employers especially in Perlis
  • minimum wage RM1,500 quite difficult on them
  • new policy causing them more costs
  • would they be able to pay the minimum wage?
  • Koay said increase in wages cause prices of goods to go up
  • increase risk companies lay off workers to cut costs
  • minimum wage only suitable in KL and Selangor
  • Meanwhile, Malay Chamber of Commerce Kelantan treasurer said  
  • minimum wage RM1,700 should not be implemented in K'tan 
  • as the cost of living there was low.
  • if new minimum wage implemented SMEs in Kelantan would not thrive
  • Meanwhile, Sabah Chamber of Commerce president said  
  • business owners in Sabah struggling with high cost of raw materials
  • logistics expenses, increased minimum wage 
  • traders face challenges to sustain their business
  • in Sabah, minimum wage of RM1,700 too high
  • increase in minimum wage quite drastic
  • starting from RM1,000 to RM1,200 now RM1,700

 

My Comments : Today we saw that an E--n Save store near our house has closed down. That store had been there for many years. Another baby store put up a sign saying 'Jualan Tutup Kedai'.

 

The picture above is from another YouTube video (click here)  about the shops in another shopping mall closing down or having serious problems.

Yesterday the Deputy Minister of HR said 300,000 people have lost their jobs since 2020.

The SOCSO fellows said that between Jan - Sept 2024  there were 575,044 job seekers. However there were only 125,956 vacancies over the same period.

During difficult times like these the gomen should help to save businesses. 
If businesses shut down there will be MORE job losses.
This is not a chicken and egg situation.

Its like this - if businesses close down, there will be no more jobs.

  • Postpone the Minimum Wage policies by FIVE YEARS.
  • If you dont postpone it I foresee more businesses shutting down. 
  • When that happens unemployment will shoot up. 
  • When businesses shut down, the gomen's tax collection will also decrease. 
  • This means the gomen will have to borrow more money. 
  • This means the gomen's deficit will increase. 
  • This also means the gomen will lose the elections. 
  • The gomen will get kicked out. 
  • Dont say I did not tell you.
  • Perikatan Nasional especially Bersatu please take note.
  • This is why YOU also lost the elections.
  • These are the same failed policies you implemented.

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