On retraining workers from retrenchment

From The Edge Daily:

“Rather than we impose the minimum wage, we let the industry regulate appropriate wages set. We need to retain Malaysians and the way forward is to increase their salary,” he added.

He also reminded employers that Malaysia could no longer depend on cheap labour to attract foreign investors. There are about 12 million working Malaysians in the country as well as about 3.5 million foreign workers, of which two million are registered and the other 1.5 million illegal.

He said Malaysia currently did not have 15 million job opportunities. Subramaniam said foreign workers had suppressed wages, prompting skilled workers to leave the country to seek better paying jobs.

Amazing, another case of the government knowing what they should be doing, but will never end up doing it. It takes a major recession for them to make this statement!