The increase in the minimum wage from RM1,500 to RM1,700 appears to be a reasonable compromise between the need to raise incomes and the concerns of businesses that a higher minimum wage will increase costs, cause job losses or be passed on to consumers in higher priced.
The government has listened to businesses and responded positively; the RM 200 increase is in line with inflation since the last time minimum wages were fixed. So companies have seen prices and revenues rise, now wages are simply catching up.
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