ADVERTISEMENT

KRI calls for govt review of wages as levels too low


Khazanah Nasional managing director Datuk Shahril Ridza Ridzuan launching the SWTS report. Looking on is lead author and KRI senior visiting fellow Dr Lim Lin Lean (right) and KRI executive committee chairman Datuk Hisham Hamdan (left).

Khazanah Nasional managing director Datuk Shahril Ridza Ridzuan launching the SWTS report. Looking on is lead author and KRI senior visiting fellow Dr Lim Lin Lean (right) and KRI executive committee chairman Datuk Hisham Hamdan (left).

PETALING JAYA: Malaysia’s low-wage environment has forced young job seekers to be willing to work for as low as RM1,715 on average, or about 40% lower than 2017’s national mean monthly wage.

Khazanah Research Institute (KRI) made a startling revelation that many young people, particularly those in part-time jobs, are even willing to work below their reservation wage just to land a job. The reservation wage is the wage below which youths would refuse a job offer.

Economy

   

ADVERTISEMENT