Deputy Minister of Investment, Trade and Industry Liew Chin Tong said Apec economies must collectively establish a wage floor to prevent a race-to-the-bottom in wage suppression, which disproportionately harms women. — Bernama picKUALA LUMPUR, May 18 — Asia-Pacific Economic Cooperation economies must collectively establish a wage floor to prevent a race-to-the-bottom in wage suppression, which disproportionately harms women, said Deputy Investment, Trade and Industry Minister Liew Chin Tong .
“To facilitate more female workforce participation, we need a strong care economy. This requires stronger social conditions, such as childcare and aged care, which will enhance our service sectors and contribute to more resilient societies overall,” he said.Liew made these remarks at the Apec Joint Meeting of Ministers for Women and Ministers Responsible for Trade in Arequipa, Peru, according to a statement released by the ministry today.
“At the decision-making level in the civil service , 42 per cent are women, which is very high among developing countries,” he said. Liew attributed this contradiction to Malaysia’s long-term dependence on unskilled and cheap foreign labour over the past 25 years, leading to wage suppression and a lack of business interest in hiring women.
Minimum Wage Liew Chin Tong Ministry Of Investment Trade And Industry Miti
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