They agreed that the income disparity between the Bottom 40 and Top 20 income groups was vast and needed to be addressed to create a healthier economy.
“The widening income gap will lead to an economic downturn. It will make right-wing politics become extreme and gain a foothold in the mainstream political scene.”“The Bumiputera/Muslim product campaign is a manifestation of a worsened income gap. A similar situation took place in German after World War One when extreme racial and religious politics became mainstream.”
“The spirit of WKB 2030 is its inclusiveness, which is aimed at providing a decent standard of living for Malaysians. “The private sector can play its part by increasing wages so that it is not only appealing and lucrative, but also provide people with greater purchasing power.
Source: Financial Digest (financialdigest.net)
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