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Why are salaries for graduates so damn low?

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Malaysian engineer's earning is worst than a farmer!!

http://www.malaysiakini.com/letters/120560

Recently, I received a spam e-mail from a recruitment firm looking for candidates to fill up executive positions in a call center at Cyberjaya.

First, I felt a bit shocked and insulted as the salary offered was between RM1,300 to RM1,800 for graduates with at least three years working experience. This was the starting salary I got many, many years ago as a fresh graduate!

What has gone wrong in Malaysia that the salary of graduates has been decreasing over the years? RM1, 500 at today’s value is equivalent to about RM500-RM600 in 80s after we factor in the inflation rate.

How can Malaysia grows to become a high-income country with such meager salaries paid to our graduates? We should ask Prime Minister Najib Abdul Razak for this ‘boleh’ phenomenon. I’ll give you my own analysis first before you get the rhetorical answer from the government.

Firms in the Cyberjaya are free to take in foreign workers, hence these employers have better bargaining power to suppress salaries for local fresh graduates. This is not the full story yet.

I also got to know […]