Higher wages is the solution

THE average Malaysian is struggling with cost of living issues, compounded by slower growth of median household income and continued rise in spending on basic necessities.

The findings in the fifth edition of Khazanah Research Institute’s State of Households report for 2019 to 2022, released last week, are not new. Many households have been burdened by inflation that has far outstripped wage increases since the economy reopened after the Covid-19 pandemic.