Thriving economy but low wages

THE World Bank recently predicted that Malaysia was likely to transition to a high-income economy between 2024 and 2028. This is despite the fact that the country is still dallying over whether to implement the minimum wage of RM1,200 to its workers, many of them in the B40 group.

High income status is defined as per capita income of US$12,536 (RM51,900) or more (2019 figures). Per capita income is a country’s national income divided by its population size. It doesn’t take into account income gaps between the rich and poor.