MEF SAYS 60,000 WILL LOSE JOBS THIS YEAR

 

 

Malaysian Employers Federation concerned unemployment double this year

as many as 60,000 people losing their jobs this year.

president said the largest job losses in manufacturing and construction 

FMM says decrease in unemployment rate to 3.6% in December

unemployment rate influenced by SME businesses in coming year

98% of businesses in Malaysia are SMEs

My Comments : Do you know anyone who has not lost their job or cannot find a job? 

Unemployment rate is 3.6% in December? Really? How do you define unemployment? Is gig economy considered employment?  

Have you noticed the high number of business premises that are still shut down or closed permanently?

Do you recall a few years ago I wrote here that famous kopitiam in Bangsar South has shut down. Some of you said they were closed for renovations. So are they still renovating? I think they have disappeared. 

The new RM1,500 Minimum Wages is going to kill the economy even more.   Now that 20 sen per kWhr electricity surcharge (since January 2023) is already choking many businesses especially factories and shopping malls. 

Things have not been right in the economy since a long time. 

 The views expressed are those of the writer and do not necessarily reflect those of MMKtT.