Malaysia’s Human Resources Minister Datuk Seri Richard Riot, said that there was no issue of the median wage of Malaysians being ‘stagnant’ if the inflation rate was taken into account.
According to The Sun Daily, he was replying to a question by Datuk Ahmad Hamzah (BN-Jasin) about the government’s efforts to boost the wage of workers as the median wage of workers was reported to be “stagnant” and had dropped when considering the hike in the inflation rate, in the Dewan Rakyat yesterday.
“Statistics issued by the Statistics Department said the median wage and salary of workers in Malaysia rose by 6.5% last year to RM1,600 compared to RM1,500 in 2014.
“The average monthly wage and salary of Malaysians rose by 5.3% to RM2,312 in 2015 compared to RM2,193 in 2014,” he said.
Elaborating, Riot said the inflation rate of the Consumer Price Index (CPI) also declined by 1.6% this year compared to 2.1% last year, reported The Sun Daily.
The Human Resources Ministry via the National Wage Consultative Council, constantly reviews the Minimum Wage Order every two years, to ensure that the minimum wage policy is in line with the country’s economy.
Photos / 123RF