no mention of age, just discreet degree holders. I assume they are talking about fresh grads

Very easy to solve this problem

Just make it mandatory for companies to pay RM8000 per month to graduate.

Immediately, many low value businesses will lingkup and gulung tikar.

Suddenly, high end companies wanna come here and re train your graduates

Welcome high end companies to come here. Your brightest graduates will stay in Malaysia. They won't leave for Singapore.

Short term pain . Long term gain.

But of course, those parasites making money from foreign workers quota won't like it

In general, all these news discourage people kids to study beyond SPM, it's not worth it spending 40k and come out with debt and low wage.

I know many SPM holders end up becoming quite rich because they don't climb the corporate ladders, but become entrepreneurs instead.

Wealth pyramid is the controlling factor. There is certain percentage will have higher income and a lot more percentage will have lower income. If the whole country wealth is low, then the lower percentage group will never get a higher income. For example, Malaysia can make 100% degree holders to have RM3000 starting salary easily, just by causing inflation to make RM3000 now worth only RM1500. Then all nominal income will go up, but the real value of the income still the same. To truly deliver real value to the starting salary, you have to generate real wealth at a national level, such as making 1 USD = 2.5 MYR. Then the value of RM will actually improve.