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Thursday, June 6, 2024

Review of minimum wage completed, says human resources minister

 

Steven Sim
Human resources minister Steven Sim hopes the revision of the minimum wage will create a ‘win-win situation’ for all parties. (Bernama pic)

PETALING JAYA: A review of the minimum wage has been completed and will be presented to the National Wages Consultative Council this month, says human resources minister Steven Sim.

He said the council comprises not only representatives from the government but also employers to ensure their perspectives are taken into consideration as well.

“The review has been completed. We are now waiting for the council to meet,” he said at a town hall meeting on the progressive wage policy pilot project at the Kuala Lumpur Convention Centre today

Sim said the government will make a final decision after looking at the council’s recommendations and listening to the views of employers and workers.

“The government will take a rational approach and will review all the data before making any decision,” he said.

He hopes the revision of the minimum wage will create a “win-win situation” for all parties.

In March, Sim had said the government would review the minimum salary this year in accordance with the National Wages Consultative Council Act 2011.

Previously, the Malaysian Trades Union Congress had called on the government to raise the minimum wage in light of the 2% hike in the service tax.

It said it had been almost two years since the minimum wage was set at RM1,500 on May 1, 2022.

It noted that the National Wages Consultative Council Act mandates that the council restudy the minimum wage every two years.

Last month, economy minister Rafizi Ramli said Unicef’s proposed RM2,102 a month minimum wage would be carefully studied.

He said the government’s approach to dealing with the cost of living issue was to focus on the people’s income.

Unicef released its report “Living on the Edge” on May 8. It called for a minimum wage of RM2,102 a month, taking into account key factors such as the cost of living, poverty line and productivity. - FMT

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