“The government needs to consider the timing, magnitude and quantum on this matter carefully,” Sunway University economics professor Dr Yeah Kim Leng (file pic) told StarBiz.
PETALING JAYA: The imminent hike in the minimum wage has caught the private sector off guard, with some cautioning the move may squeeze the economy.
"The increase of 25% in the minimum wage is sharp – from RM1,200 to RM1,500. We are still at the early stages of an economic recovery and a number of economies are still not out of the woods yet.
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