Labour market reform urgently needed to deal with low wages, says BNM | The Malaysian Insight

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Labour market reform urgently needed to deal with low wages, says BNM

Bank Negara assistant governor Marzunisham Omar says an important measure to tackle the problem of low wages is a comprehensive plan on foreign labour that would sharply reduce the pool of cheap, unskilled foreign workers in the country. – The Malaysian Insight pic by Hasnoor Hussain, March 28, 2019.

LINKING salaries to productivity levels and investment perks to high-skill job creation are some of the measures the government needs to put in place if it is serious about tackling the problem of low wages, said a Bank Negara senior official. BNM assistant governor Marzunisham Omar said another important measure was a comprehensive plan on foreign labour that would sharply reduce the pool of cheap, unskilled foreign workers in the country.

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