“The government needs to consider the timing, magnitude and quantum on this matter carefully,” Sunway University economics professor Dr Yeah Kim Leng (file pic) told StarBiz.
PETALING JAYA: The imminent hike in the minimum wage has caught the private sector off guard, with some cautioning the move may squeeze the economy.
"The increase of 25% in the minimum wage is sharp – from RM1,200 to RM1,500. We are still at the early stages of an economic recovery and a number of economies are still not out of the woods yet.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
