Summary
- CAP says low wages require long-term structural reforms.
- Calls for productivity, innovation and higher-value industries.
- Urges stronger TVET, technology transfer and value creation.
- Says sustainable wage growth must be backed by productivity.
Full Article
GEORGE TOWN, August 12 — The Consumers’ Association of Penang (CAP) has called for structural economic reforms to address Malaysia’s low wage issue, arguing that short-term measures alone.
Will not deliver sustainable income growth. CAP president Mohideen Abdul Kader said Malaysia should shift from competing on low labour costs to a productivity-driven economy supported.
By innovation, higher-value industries, stronger TVET, technology transfer and commercialisation. He added that improving productivity across sectors, including agriculture and fisheries.
While gradually reducing dependence on low-skilled foreign labour, would help create better-paying jobs, strengthen domestic demand and build a more resilient economy.
