The challenge is to address inequalities between income groups, ethnic, urban and rural communities, and supply chains, government sources said.
Affirmative action to ensure distribution of wealth benefited some people in the past, but had been clouded by problems from misuse of power, corruption and mismanagement, said the government sources. Dr Mahathir said the uneven and unfair distribution of wealth needed to be corrected or it could lead to violence, and stressed that there is a great disparity between urban and rural areas, and some states were rich while others were very poor.
Various studies have shown that 68% of Malaysians who retired at the age of 55 do not even have at least RM240,000 in their Employees Provident Fund account and quite a number of them would only have around RM50,000. Skilled workers, on the other hand, make up more than three million of the workforce, drawing an average monthly salary of RM4,573.
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