Now we know why Malaysia is still caught in the middle income trap. Dr Mahathir said Malaysia may become bankrupt as is happening now in the West if the federal government caves in to public pressure and sets a minimum wage policy.
Earlier, the ex-premier had defended the NEP by claiming that the policy had helped to create quite a number of billionaires and millionaires. It is quite evident Mahathir's 22-year rule and his continuous interference with government affairs is bias towards the elites, rich and powerful......
Full article : Mahathir's twisted logic on minimum wage
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