Limited impact of minimum wage increase likely


PETALING JAYA: While the minimum wage increase under Budget 2025 is seen to be a positive move especially for the young or low-skilled workers, its impact may be limited without additional support measures like stronger labour unions or targeted training programmes, say economists.

These would not only empower workers to negotiate better pay but also enhance their skills, making them more competitive in the job market and potentially leading to sustainable wage growth across various income levels.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
wage , labour , employees ,

Next In Business News

Jinhua – a trading hub without borders
Up in Arms - or up the value chain?
Asia bonds for diversification
Singapore’s financial sector a big winner
Smart city can’t beat the traffic
AI disruption fears rock markets
Powering a new reinvestment cycle as demand surges
Private equity hits a sixer
Dubai luxe property keeps booming
US LNG exporters lead in gas use

Others Also Read