GDP >>>

Either Malaysia stops the import of foreign workers or stuck in the middle-income trap forever

(adsbygoogle = window.adsbygoogle || []).push({});

Fong was a Human Resources Minister, what he did in the past? He allowed local companies to import unlimited foreign workers, and now he only realized that his own mistake, but it’s too late.

Malaysia has lost 20 golden year to break away from the middle-income trap.

The next immediate right thing to do is stop all manufacturing and services sectors from hiring foreign workers.

More procrastination, Malaysia competitiveness will move further down to drain.

‘Drastic’ action needed on wages, says Chan Onn

By Lee Wei Lian

Fong pointed to Singapore’s success in beating the middle-income trap. — File pic

PETALING JAYA, Sept 23 — Tan Sri Fong Chan Onn said today that “drastic” action was needed to free Malaysia from the middle-income trap in which it is now trapped.

The former human resource minister pointed to how Singapore was stuck in a similar quandary in the 1980s, but later managed to escape it by mandating wage increases.

“(Singapore’s then prime minister) Goh Chok Tong forced companies to increase salaries by 50 per cent and within two years Singapore transformed,” he said at the National Conference on Making High Income Nation […]