: Policy interventions are required and have been deemed crucial in the labour market to improve wage outcomes, raise wages of low-income workers and reduce wage inequality.
“Therefore, the focus of current policy efforts needs to ensure significant improvements in the median wage level in the coming years. If the minimum wage is effective in raising wages at the lower end of the distribution, then additional measures should be targeted towards the middle wage earners,” it said.
The labour market’s inability to pay the fresh graduates adequately is nested within a larger structural challenge of job creation, it said. Based on a study by the World Bank in 2010, about 54 per cent of Malaysia’s brain drain were in Singapore and higher salary is the predominant motivator in pulling Malaysians to work in the republic.
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