Finance Minister Lim Guan Eng, instead of finding the cure, you are just treating the symptoms. Malaysia is a low-income nation because there is the Bottom 40 , meaning 40 percent of all households are low-wage earners.
In the old Malaysia of the 1970s to 1990s, one was expected to give pocket money to mama when you start work, no matter how little you earned. You go stingy on yourself if you don't have enough.Bad move. These are young people and they could hack it out on low salaries while they gain experience to upgrade their skills.Government giving free handouts is definitely a bad decision. Most unemployed graduates are either choosy with jobs or have gotten a degree that is worth nothing.
This is classic Guan Eng. Because he has no idea of where he is headed, he lurches from one whacko idea to the next, making ineffectual and irrational decisions along the way, and basically wasting money.The government can help struggling businesses by giving loans to jack up their businesses, and these loans must be paid back within a reasonable timeframe through interest-free instalments.
Generally, in most of the houses in housing projects, the work is done by foreign workers and are very shoddy. The finish is very crude. During my younger days, most shop assistants were locals, but now many are foreign workers. The same goes for security guards, barbers, construction workers, et cetera.My company will hire fresh graduates as interns if paid for by the government, and the probation period would be as long as the period the government subsidises the salary.
Source: Healthcare Press (healthcarepress.net)
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