Minimum wage : productivity and education

No minimum wage policy was implemented previously and in conjunction with the Labour day, Prime Minister Najib Razak announced the minimum wage for Peninsular Malaysia RM900 and for Sabah, Sarawak and Labuan(Federal Territory) with RM800.

The minimum wage policy was not implemented partly because of the compromising profit of the organization in the country. Most of the employers understand that once the minimum wage policy is implemented, they need to restructure the operation of the organization in which they need money to do so.

Theoretically, increase in productivity can bring reduction in manpower to do a particular work, and hence increase in the profit margin. This cannot be seen in short run but long term, yes. Productivity can be increased by bringing in the technology which can increase the work done and reduce manpower(low-skilled). Therefore, the profit can be increased in long run. With the profit generated annually, the organization can substantially transform themselves into a better and more productive one. However, most of the organization have large inertia to shift into a hi-tech production, which indirectly increase the productivity of the organization. Furthermore, the employers most of the time emphasize in the short term profit and seldom have a vision in the long term profit. Even though the money or subsidy is given by the government to increase the productivity, the organization refuses to use the money for this purpose.

Secondly, minimum wages policy is connected with the education level which the country possesses. Currently, the labour market is still quite healthy but in terms of wages, not too good. Employers tend to pay the employees, especially the local fresh graduates with low salary. Partly due to the lack of confidence in the integrity and competence of the fresh grads, and also the poor communication skills that the fresh graduates have. Some MNCs do not hire the fresh graduates easily due to the mentioned reasons. So, in the end, should we blame the poor education system of the country? And maybe this is why the employers object the minimum wages.

Some of them also afraid that with the implementation of minimum wages policy, the amount of workers to be hired will be reduced to compromise the profit of the organization. Hence, more employees will face retrenchment and unemployment rate will increase. Worse still and strongly connected to the economy, national GDP will contract (because no one has better spending power) and give raise to inflation. Macro-economically, currency will drop and the foreign investors will draw back from the country due to the high living cost but low currency rate.

For one good reason of the implementation of minimum wages policy, is to allow the employees to produce (with good attitude and motivated personality). It is a good incentive to let them produce and get more productivity for the organization. Indirectly will generate more profit and the profit gained can be used for better technology to run the organization and this cycle goes on and on. More and more money can be generated and more money to be distributed to the employees and they claim for increment. (Ideal case)

Fry: Free education and no PTPTN?

So, as the picture shows, the abolition of PTPTN (National Tertiary Education Loan) and free tertiary education tuition fee seem not to bring any benefits to the economy of the country. Especially, when you are talking about Malaysia, which has high debt percentage in GDP. The policy was mentioned by the opposition party during the speech in the villages and cities and convinced the people that if they will win the coming general election, such policy will be implemented.

Is there any benefits from the implementation? Or will it become larger burden to be bore by the government? Let's say if the country allows free education and abolish the loans, then, how doe the researchers in the universities to do the work? How do the teaching fellows work without the tuition fee? The opposition party was right that there are few countries in the world which provide free education but have to note that these countries mentioned are of high income societies, GDP per capita of the countries are top 10 in the world. However, the government incurs high tax on the people so that everyone in the countries can enjoy free education and also welfare in the society.

Malaysia is still way behind of top 10 list in GDP per capita and the society is more or less stuck in the middle income trap. It is strongly suggested that implementation of free education and abolition of PTPTN will not bring any benefits to the economy of the country. Unless the debts of the country is settled, the income of the society is improved, the tertiary education system is more transparent, adopts concept of meritocracy instead of racial quota, fair and just in the education system (educational reform), corruption-free administration, economy of the country can attract more FDIs and stabilizes the whole economic progress. Hence, we can talk about the free education and abolition of PTPTN.

上课最后的一个礼拜

人生来匆匆去也匆匆，

就这样大学快告一段落了。

许多人已经开始找工、忙着找房间。。。

报告也要交了。。。

话说大学四年很快消耗掉，这句话是真的。

从来没有好好珍惜过身边的一切，现在回想起来，真的很可惜。

好在现在拥有的我会好好把握。

不管发生什么事情，最重要的还是稳住阵脚，三思而后行，不然思绪被弄乱了，就很容易被人家趁虚而入

上课的最后一个礼拜，希望可以每一堂课都去上。可惜还是老样子，因为要赶报告，所以不能上课。可恶的报告是不会完毕的，尤其是你其实已经做完了但是还是没有勇气交报告给教授，也不懂为什么......

上课的最后一个礼拜，怎么好像有点突然间不舍得现在的自由

上课的最后一个礼拜，怎么好像时间过得慢了一些

上课的最后一个礼拜，怎么突然变勤劳了

上课的最后一个礼拜，怎么上课没有打瞌睡了

我希望，时间不会走动，让它停留在这个时空

但是越不舍得的事情，偶尔让人更烦恼

该往前走了，过去的还是会过去，该来的还是会来

丘光耀博士演讲-人民力量

 

 你会觉得他不应该用粗俗的话来演讲

你会觉得你很清高..是吗？你错了

你的公民意识很高吗？你错了

看一看他的演讲吧

他说的，都是实话，代表人民的怨言

他说的，都有根据

看我的部落的朋友，请花多一点时间来看一下我们的国家

请花多一点时间来了解我们的国家

有了你们的了解和行动，我们的国家才会有改变

心态的改变，就能自救

不要说我们不能，因为你还没有try过，你根本没有资格说不能!

不要说我们不能改变，如果你还没有去登记选民，你根本没资格说不能!

不要说沙巴不能改朝换代，虽然一个人的力量小，积少成多，就不怕不能，只怕没有心罢了!

生意人真的怕改朝换代吗?

你只是会想你现在的利益和未来的利益有什么出入罢了，根本就是自私的做法。

（我相信这些是朋党吧，难道还活在四分五裂的社会吗？）

只要一起共同迈向同一个目标，就算沙巴没有换政府，反对党的议席有足够的数量的话，

在朝党就不会乱来了。

相信我们（人民）的力量吧!

《青青的红苹果》

大学四年里的点点滴滴

谁会没有呢？

除非你是选择了关掉认识新朋友的大门

那么基本上，大学是无聊的

四年得来的故事，就在《青青的红苹果》

每个NTU的学生，大部分都会经历的故事

感情、学业、泪水、笑声、汗水

Casted by（不分前后）:

林雍泽

陈幼贞

郭小白

陈梓健

颜友福

叶钊佑

陈业嘉

颜小新

张世杰

赖俊贤

李家毅

孙子法

叶孙渊

梁志雄

钟惠芬

发现自己还有2个礼拜就告别校园了~

时间过得真快

倒数中。。。

Self control please?

Recently,
I failed to control myself
of speaking something bad to my friends
I was totally fxxked up
My brain did not help me to process all the things well
All I did were just sucked~

I have to control myself
as I will go out to work soon
and still offend others like that
I will get fxxked

Lai Chuen Hien
Self control pls?