The common assumptions that increasing wages could lead to market distortion and reversely affect economic performance seem to be an “unspell curse” to the Malaysian economy. These assumptions are strongly held by the majority of employers as a result of the lack of evidence-based facts and scientific evaluation. This article provides exposure of the attainable benefits to employers, employees and the economy as a whole when wage rates are raised higher than the current level. This article also addresses the multidimensional wages by not only focusing on the average wages but also on minimum and living wages. At the end of this analysis, recommendations are provided on the approaches that can be used to increase wages without impacting economic competitiveness.
Bridging the Gap in Knowledge and Policy
Welcome to the Progressive Wage Hub, a dynamic platform that serves as a pivotal link between workers, employers, academia, government, and the public. Our mission is to facilitate the convergence of ideas and insights, fostering informed discussions and collaborations that drive the advancement of fair and sustainable wage practices. With a commitment to promoting inclusive and equitable work environments, we strive to create a positive impact and drive positive change in the labor landscape. Follow us in shaping the future of work through informed dialogue and collaborative efforts toward a more just and prosperous society.