tag:blogger.com,1999:blog-5270320884753232371.post7521781775565882301..comments2023-09-22T17:00:58.713+08:00Comments on Rightways: Malaysia no longer stuck in middle-income trap? Rightways, or Wrongways?http://www.blogger.com/profile/03692114753757809444noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5270320884753232371.post-48315518826564158802016-08-27T14:49:14.031+08:002016-08-27T14:49:14.031+08:00Income is determined by levels of productivity and...Income is determined by levels of productivity and innovation. Pointless to have high income status without improving the productivity and innovation capabilities. The country and companies will go bankrupt if you expect high income with poor governance, low cost industries with little or no innovation!<br /><br />Bear in mind that the productivity of Singaporeans is 3.8 times higher than ours, Malaysia. Their per unit cost of production per employee is lower than us. In the United States, the productivity level is seven times higher than ours.<br /><br />So when you say we aren’t earning enough, you have to consider our productivity level too pointing to how in some of our neighbouring countries, the average salary is less than US$100 (RM400).<br /><br />Measured against the CPI, Malaysian average salary growth isn’t lagging. In the region, our salaries are second only to Singapore. Of course, you must consider the currency exchange. Singaporeans earn an average of S$3,000 (RM9,000) while Malaysians take home RM2,800 monthly. Rightways, or Wrongways?https://www.blogger.com/profile/03692114753757809444noreply@blogger.com