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Decided to make adjustments on the way I blog & share due to time constraints and other commitments. In the coming weeks you should see them. Short updates but more frequent & concise.

Tuesday, June 30, 2015

High Income Nation By 2020?

Based on the original post: High Income Nation By 2020? Dream On. You should spend time to read this as well. There are figures to back up the arguments.

What upset me is when I read this news today:

Here's the snippets:
  • 1.5 million Bangladeshi workers to arrive in 3 years, says home minister
  • These workers will be involved in various fields, especially in the plantation sector and will meet the demands of the job market in Peninsular Malaysia, Sabah and Sarawak.
  • "However, this initiative only involves fresh workers from Bangladesh. Illegal Bangladeshi immigrants working here are not involved and we will continue to deport them," he said in Malacca today. (Belum kira illegals lagi beb)

Disease (One of it)
  • Low-skill jobs equal low wages
  • In Malaysia, not enough high-wage jobs have been created. In fact the share of skilled labour has declined across industries.
  • The E&E sector, which is the major contributor to Malaysia’s growth, has experienced some 
  • of the biggest declines in use of high-skilled labour.
  • ...employers do not pay for skills, relying instead on tried and tested means such as a readily available pool of unskilled foreign workers and underpriced resources to generate profits.
  • Immigration policies favour low skilled and cheap labour. Between 1990 and 2005, foreign labour contributed more than a third of the increase in total labour supply, and over 98% were low-skilled contract migrant workers.
  • Malaysian firms prefer to undertake less sophisticated activities, such as upgrading existing product lines or machinery and equipment. Activities that give rise to greater innovation and require the filing of patents are undertaken less frequently.
Broad decrease in the use of high-skilled workers in all industries

I have stressed this before back in 2012 in my blog post (Malaysia 2020 Is Not A Vision, It's A Dream) as a big problem plaguing Malaysia: We attract "mainly" low skilled workers; laborers.

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