QUOTE(Liamness @ Jul 8 2020, 11:15 PM)
Ah.. but u are conveniently forgetting that the cost of living in countries and places vary too. For instance, it is at least 1/4 cheaper to live in KL than it is to live in New York..
Likewise, it is cheaper to live in Vietnam than it is in Malaysia.
Cost of living impacts salary imo.
It only matters for the cheap wage earners locally who is constraint by borders and local laws.
The whole idea of GLOBALIZATION is rigged to favor the rich and their multinational corporations.
Being globalized means unrestrained markets, more cheaper labor sources and a bigger selling market.
At the end of the day, they still sell and market their products with the same price everywhere using the USD as a benchmark.
If not, the locals will get subpar quality items with cheaper and lesser ingredients.
Just compare our local Maggi mee packaging and the Korean ones. Our Maggi mee is just about half the size, with packaging cover that is thinner than paper, just poke and already punctured.
We are actually getting less while doing the same jobs as these overseas peers with same titles.They can afford to buy houses, cars and spend cheap vacations in Malaysia but Malaysians can't otherwise.
Think of it, we're being shortchanged and cheated.
If only we follow the way how China and Cambodia trades with the West using the USD as the bargaining price for their products sold overseas and salary payouts.
Costs of living in Malaysia is not cheap either unless you still look for cheap RM1 nasi "kueh" lemak and settle for less quality. You are still buying cars that matches prices of those western countries.