Salary is one thing. There are high and low earners that's for sure. But nowadays, iregardless of the wages, we no longer can get a dime for a dime. A dime today will only worth half a dime tomorrow.

Best example for all Malaysian earners to ponder:
Kelly Malaysia:
10-year experienced professional earner - RM10,000 (SGD3,333)

Kelly Singapore:
1-year professional - SGD 3,500 (RM 10,500)

This renders the above salary guides pretty much useless.

Should Malaysian grads
1) spend 10 year working locally to with triple effort to climb up to 10k position
OR
2) spend 1 year slogging in SG to get SGD3.5k

Let's assume it's easier to find jobs here (which is not given all the costs and racial barriers of doing business here with low-spending population), would the statistics in Kelly Services Malaysia or other similar salary reports help in attracting and inspiring the talents to our industries?

Let's face the fact. For now, our weak currency can only attract the likes of brute labours from Bangladesh, Cambodia, Laos, Nepal etc as well as 2nd or 3rd stringers professionals (mostly in IT) from the likes of India.

Even the Indonesians have ditched Malaysia for greener pastures elsewhere. Yet our leaderships are still sleep-walking with the latest plan to for 3rd national car, which surely will be a disservice by denying more than half of the population the comfort of the imported quality cars.

Forget about attracting talents and reversing brain-drain if this continues.

I apologise for my bitching above.

This post has been edited by abc2005: Aug 26 2018, 11:31 AM

Thanks for the facts. In fact, as long as we stay where we are, we are going to be left behind and made poorer by our past, present and future policy makers.

Whether we like it or not, we are consumers, not producers. As consuming population, we couldn't care less about the minuscule raw materials exports, which favour cheaper/low value of ringgit. What we care are the power of consumption, which is, how much can we consume with our WEAK currency and HIGH inflation. We might as well make our currency strong so that people can consume MORE in order to BOOST the ECONOMY. When the population starts to spend, it will be the time the economy will grow. Then we can talk about raising interest rate to make our currency even stronger to attract for FOREIGN INVESTMENT in our financial markets.

Our government is just a bunch of short-sighted politicians that know nuts about economy. Why? Because they only care about being producers that the world couldn't care less and are willing to sell us with more quality with reasonable prices . For instance, the imported cars. Why the hell are we still getting into market that is so saturated with competitors? Are PROTON models any better or different than other imported cars?

O&G plays the most crucial part in our national income sources all these years during its heyday of high oil price and paid the most taxes and profits to the government. The question is, where had all the monies gone? I bet you get the picture already.

Being a producer of palm oils, durians, rubber, electronics etc is actually mentality of the poor. Again it's back to foolish policies way back years ago when our economy was in its heyday. Why? Becoming producers of these raw materials are no different than being consumers. They just consumed whatever the nature and environment provided them - a passive producers without creativity. By right, we should have become active producers with more aggressive and proactive mindset. Just one simple example in case you don't know - Japan doesn't produce BANANAS. Now, let's see, why are their TOKYO BANANAS become the favourite among locals and tourist-alike, including Malaysians?

Another example would be rubber. There are many uses of rubber. But why the hell are we still exporting latex or dried rubber to other countries for manufacturing purpose after spending so much resources and efforts in destroying the forest and growing rubber trees until they are tapped for their latex? Why not just make them into FINISHED PRODUCTS, like premium tyres, gloves (well one of the prides in Malaysia -TOPGLOVE) or CONDOMS (you know, huge market across the world), furnitures etc.

You see. There are a lot of potential we have with our god-given resources. But we are not being resourceful enough to tap into these potential. That's because the government only care about export, and export only regardless of what the world needs. Then they can boast about economic growth rates, subject to their own definition or manipulations, whatever that means...Who cares about this rate actually? You, me, LYN forumers? Or our colleagues that are wondering about their bonus rates they would get? The truth is - no one except for the govt news brouhaha items or the so-called ECONOMISTS that still couldn't figure out the way to strengthen our currency.

Sorry I digress from TS original intention.
P/S 12-piece Tokyo Banana cakes (duty-free) - ¥1,429 (RM53). How much does 12-piece banana kuih cost locally?

This post has been edited by abc2005: Aug 30 2018, 08:48 PM

Thanks for your testimonial. MM2H are meant for retirees. That's why there are quite a number of 'wealthy' Japanese couples applying and enjoying, thanks to the cheaper price tags for the items they can buy compared to their own homeland.

OTHH, RM15k is really nothing compared to the wages the talents can really earn elsewhere. The pittance will only attract the ones who are really desperate for a way out like the unskilled labours, and not the real deals that would be able to contribute to building up the industries.

Even if there are willing takers, which are mostly overseas Malaysians, they would have taken a hefty pay-cut and sacrifices to come here for the sake of nation-building, only to see the shitty environment and restrictive policies hovering over their heads. The only way the government can help in any way, is to strengthen the currency to lessen everyone's suffering, in order to compete with the likes of Singapore or Australia in terms of the compatible values and mutual benefits between the various industries, government, as well as the talents themselves.

Just look at Kuwait and Oman. Their strong currencies attract even the Europeans and Americans. Their only main produce = O&G.
(1 KWD = 3.30 USD = 13.60 MYR)

This post has been edited by abc2005: Aug 31 2018, 09:56 AM

Just to point out that consumption in our context here in this thread refers to the consumption by domestic consumers, aka ordinary people like you and me.

Govt spending is different case altogether. Their spending will directly impact our country's coffers and our yearly budget for schools, hospitals, medicine, road repairs, defence forces etc.

SRC, IMDB were Najib's toys that will land him in Sungai Buloh resort. Nothing more and nothing to be proud of. We couldn't even see a sen dropping into our pockets from these entities. Anyone getting benefits from these entities will join Najib sooner or later.

Yes and for now. Sometimes it just bewilders us why are the hearings taking so long even when there is already solid case against them, even without involving Jho Low and his father.

Btw, back to the Kelly pay scale. It only reflects poorly on our job market in the eyes of the prospective experts and public alike. Everyone is sulking at the low pay scale the market is willing to pay. This is not good for us in the long run.

If I am MNC boss wondering about future investment location, I would think twice about investing in the company here. The reason being the problems in hiring 90% of the local workforce that has to constantly worry about paying rents and bills while waiting for the next paycheques. How would they be committed to the work if 90% of their minds are always pre-occupied with debts and bills?

This post has been edited by abc2005: Aug 31 2018, 05:20 PM

Totally agree with your point above. Every position has its budget. Make it a law. And the companies hire based on budgets they already have.
It is much better than enacting minimum wage that doesn't count to anything to 100% middle income earners.

Still, the major problem will still be our currency value. If RM value can equals SGD at current period (you know, our dollar and sen depreciates every single minute by the time you finish reading this), then the pay scale will mean something to the workforce. Else, everything will just be a pipe dream.

I shudder to think about the Venezuala crisis and its struggling population for now despite being one of the major oil producers sitting in OPEC.

Easy. Just spam at Chedet and Lim Guan Eng FB.

His son already a billionaire. So no worries for him LOL. His other son political future becomes bright again after the demise of his "former ally-become-foe".