Top Gloves just announced its foreign workers’ salary will increase from RM1200 to RM1800 (inclusive of overtime) due to implementation of RM900 minimum pay. RM600 represents a fifty percent increment for these workers. Just assuming two million foreign workers in Malaysia, the increment is going to cost Malaysian companies RM14.4 billion. Why are we increasing minimum pay which will mainly benefit foreign workers?
Instead of the RM900 minimum wage, can we ask companies like Top Glove to set aside a compulsory contribution of RM100 per foreign worker which would be distributed to its local work force earning below RM1500 as special subsistence assistance for poor Malaysians? Prices of goods are already going up rapidly. Low income Malaysian workers will suffer most.
Beware, the opposition’s simple solution of RM 1200 minimum wage is even more disastrous. We need a solution that truly benefits and builds up the local work force.
Just my honest contribution of ideas.