By Debra Chong
Assistant News Editor
March 02, 2012
Dr Mahathir pronounced an increase in salary contingency be matched by an equal hike in productivity. File pic
Still successful notwithstanding having late from office in 2003, a former budding apportion warned which a sovereign government's ostensible promptness to adopt a smallest salary process without taking into account a spike in open holidays to embody a weekends as well as a holy days of all vital religions was a critical risk to a country's economy.
He described a West as broke because they were incompetent to sustain a practice of paying vast salaries for employees notwithstanding working them less, generally with a Asian markets apropos more competitive.
"I fright Malaysia might be heading this approach if you compensate more for reduction work, as you have been you do now," Dr Mahathir pronounced in a latest post on his chedet blog.
"Increasing incomes contingency raise a cost of p! roductio n unless there is a corresponding increase in productivity," he added.
He highlighted which a environment a smallest salary would trigger cascading hikes in other areas, together with compensate for overtime work as well as a imperative rates to a national pension fund.
He pronounced slicing down growth spending would not be good for a rapidly developing nation as well as cautioned Malaysians to be more competitive.
Various labour unions, together with from a civil service, have been dire Putrajaya to set a fair smallest salary of about RM1,500 since final year after multiform Southeast Asian nations hiked ! compensa te levels.
Human Resource Minister Datuk Dr Subramaniam Sathasivam had pronounced which a supervision would decide on environment a single during end of final year, ! but has since deferred it following cheer from a open zone following a revised salary scheme.
Last November, Selangor became a first state to pass a law for smallest salary to be set during RM1,500.
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Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
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