This is a global trend happening everywhere, not just in Malaysia. It is very bad in places like the USA with a shocking amount of homelessness, and financial distress. This is made worse by the growing social issues with a majority of families now broken, and raising levels of drug & alcohol dependencies.
@@SonyJimable So you are saying you know better than the people who come in legally and illegally and then stay in the US for generations - that they dont know any better?
@@SonyJimable You dont need to know the people. You just need to know how to read the stats. By a wide margin, the U.S. has more immigrants than any other country in the world. As of 2015, the United Nations estimates that 46.6 million people living in the United States were not born there. This means that about one-in-five international migrants (19%) live in the U.S. The U.S. immigrant population is nearly four times that of the world’s next largest immigrant destination - Germany, with about 12 million immigrants.
Great coverage, but there are many element that is not discussed and factored in. Data being presented does not include organization that pays illegally, and illegal immigrant that is receiving less than minimal salary because organization doesn't need to register them in. Does the minimal wage is clean profit, or after tax and other required deduction. Raising minimal wage is not the solution towards closing wage gap but rather will create more disparity due greed from organization, using those cost to charge more to consumer, further reducing Purchasing Power Parity. Rather asking why, perhaps we should ask is it ethical to have policies that allows organization to have tax evasion. And of course, any correlation of corruption affecting the cost of living.
Only education, hardwork and family planning can close the gap. Rm16k might look a lot but if you have 6 kids with 16k salary vs 2 kids with 7k salary, the 7k income family is still going to have a much easier time. the fact that 16k salary (4k usd / 5k S$) is considered top 20% speaks volume about how much development is needed for our country. Goods in our country arent expensive by foreign country standards but our currency is really weak, so our spending power is weakened considerably
Graduates spend RM200,000 to RM450,000 in private colleges and end up earning peanut wages RM1800 to RM2300. A form five student can just earn the same wages in factories or 99 mini market. The government must provide english education, so that more malaysian can travel overseas and work to send home the foreign exchange and help build the family finances.
That is the case bc the form 5 student started to climb the ladder before the graduates. So even when you finish degree your job will probably be lower than a form 5 who work there for few years. That is what you should expect. Bc all bosses evaluate society experiences rather than the sijil.... Unless you already have both the work experience and uni degree than you can start off very strong.
Income disparity is not only an issue in Malaysia but all over the world , so stop stating it like it is only happening in Malaysia. The main cause of this disparity is due to the greed of the top 20 % in Malaysia, the manufacturers, the owners of huge conglomerates and their cronies in the govt. Little do they realize that they are killing themselves by their greed. The remaining 80 % are already struggling to feed nutritious food for their families and very soon owning cars, motorbikes, houses , and affording good education for their children will become hard or impossible for them. With even only the bottom 40 % being unable to afford the necessities , which will become luxuries to them, it is the top 20 % who will loose due to diminishing sales. Like I have always said, they are strangling their golden geese and don't realize it.
One remedy or perhaps the only one way we can solve inequalities is to provide free quality education centre for all the B40. This will be a boarding school for the childrens from B40 family where everything from food, cloth and daily essential is provided. With all the essential provided they can focus on learning and grow without worry of not being able to pay for the books and tution fees. We can make this school to held same level of prestiges as SM Sains school so that their graduates will be highly seek upon by employers. I believe if this were executed correctly the gap will be much reduced in less than 10 years.
We already have boarding school system in Malaysia albeit for some privilege people only. The better way to improve the primary and secondary school system is to revert to the true and tried system we had in the 50's to 80's and not the present system where i quote Mahathir " a semi religious educational system".
We are in the 21st Century and year 2020 is near approaching but yet the issues of income disparity in Malaysia has on going for long. In my opinion, all parties like the government, private, ngo and in fact ourselves must realise that we cant longer depend until the Government to come such an initiative, mechanism, program and etc to mitigate this issues. For years I have seen the government allocate and implement RM millions in Human Capital events across the states. But yet has this been giving positive outcome in terms of success rate? I dont think so. Besides, we are bless our country is rich with multi resources that yet to be tap to the fullest. Period, we can play our part to support the government and take every opportunities in this cause and that comes in to our way. We will over come this, period.
but in Malaysia whatever measure taken to rectify such a problem would be translated into a political issue and in all political issue all of it would be turned into a racial issue. So in before they start pinning blame on the minorities. Nobody want to question why is our annual import is around 180 billion while comparing to Russia's its around 220 billion.
The lesson is for folks who are planning to go to university, choose a diploma/degree that pays you enough not art, not film degree. For young people, avoid marrying or having kids if you can't afford it.
The Bangladeshi people like this man and thousands of professors, corporates and entrepreneurs contributing to the country are always ignored but the brand image of Bangladesh is seen based on the laborers (that too not the good ones but the few who make troubles). Why are we not talking about this?
The reason for increasing wealth inequality is the capitalization of labor through computerization, robotics and artificial intelligence. If big money owns companies that grow their wealth faster than the economy grows, the bottom will increasingly suffer. That's true in mostly every country on earth. What's needed is a universal overhaul of the tax system such as increasing VAT to try to capture some of this new wealth and give it back to citizens.
Hey guys just a suggestion. I think it is really important to use the correct terms "average", "median" and other statistical data. Your first statement just generalized the whole country.
It's not the education that caused this issue. It's the Malaysian employers who are holding their money tight. That's all, not the government, not the education.
Increasing wealth gap is common in many countries. Malaysia has always invested more on prestige infrastructure than social needs. As a result it has the best roads in SE Asia, but not the best educational institutions. To the Malaysian govt., social programs are about giving out free stuff - not strategic programs to improve people’s life. It is a great country with high potential. So go Malaysia!!
No, Malaysia don't have the best roads and infrastructure in SEA. Most areas in Malaysia including the major cities don't even have proper pavement for pedestrians to walk on safely. The best infrastructure in SEA goes to Singapore. Almost everywhere, theres proper pavement for you to safely walk and jog. You can even lie down or sit safely for a while if you want on SGs pavement.
Income gap actually REDUCES in ratio terms. 9000/1000 = 9x vs 16000/2000 = 8x which filters out inflation effect. How statistics can lie. 😉 Great report nonetheless. Our GINI coefficient is highest compared to our neighbours and it hasn't change much over the years. Rising wealth gap may be addressed by income redistribution (UBI in the future?) but literacy and income generating skill acquisition (not paper certificate) should be the primary focus especially when humans will face fiercer competition from machines and AI's in the future. Benefits from selective income redistribution is a short term assistance, not an entitlement. KPI should be measured to assess program effectiveness and published for transparency. At the same time wealth accumulation should be promoted instead of increased consumption with better income. Improving financial education may be the key here. In the long run, teaching someone how to fish better is better than giving them extra fish.
not only income but spoken language..if u realize at jobstreet..job offer for mandarin speaker is higher from other race even they hold the same position..
I am feelin' the Bern. That said, we should definitely rethink the merits of redistributive policies, taxation and rebuild trust between the taxpayer and the government. The Nordic countries seem to strike the balance in almost every area imaginable, fow now. Maybe we should read up on how they beat back inequality in their own backyard, and how we might apply the lessons here. Of course, there are racial dimensions to socioeconomic inequality, as well. Each ethnic group perceives welfare, government, markets, and taxes differently. The different experiences also compels us to read the nuance, why each ethnic is in its own situation today, what are the kinds of inter- and intra-ethnic inequalities present, and how each problem may be addressed. That's enough rambling from me today.
@Eason Cheng Actually, it appears to be that you have shown yourself to be a person who is unable to provide any factual or supported alternatives to the left and centre economic systems championed/implemented by the Nordic countries and Bernie Sanders, while at the same time, reduced yourself to becoming unnecessarily overheated with excessive swearing despite not presenting much justification for attacking another person's honest opinion. I think history and case studies will clearly show how capitalism and neo-liberal ideologies have increased the socio-economic inequality and conflicts cause by self-serving politics and businesses, compared to people-focused economic policies. Unless of course, as someone who seems to be a self-proclaimed economist expert, you disagree that economics is a social science which like politics, is subjective. I mean, let's not take into account that economists like Joseph Stiglitz actually made any sense when he pokes the very real big holes into the current right-wing economics dominating most nations- which was clearly why he became a Nobel Peace Prize laureate, right?
@Eason Cheng It's interesting to hear you claim you do know a lot of economics yet not share any such knowledge to make yourself credible. And just as interesting as you assume everyone here know nothing of economics. Okay, sure. You don't have to prove yourself right. You also do not need to make a fool out of yourself :)
Eason Cheng I don't know about the rest but I do know Sweden is being run by a feminist leaning administration- they got they're social welfare programs sorted alright (which Bernie and other lefties confuse with socialism), but don't know jack on how to plough snow off the streets....
I'm pretty new to this channel. I enjoy the contents and quality poured into it. I need some time to catch up on all o your older videos. But seriously why the black bars on both sides of the video? I just wasted half of pixels available on the screen to just display black boxes. Just imagine how much info can be put on those bars instead. I'm glad vox didn't do things like this.
HAHAHAHA... U JUST PUT YOUR FOOT IN UR MOUTH, DIDNT YA? NO HANDBAGS, NO GST STOLEN (AT LEAST BY BN N DSN), BUT STOLEN N MISMANAGED BY PH, NO SPORTS CARS AS PH CLAIMED AT D PAVILLION BASEMENT CARPARKS, NO NO MISSING RM2.6B FRM 1MDB, NO RM24MILL RING...NO NOTHING!! RAKYAT WERE SO DUMB THEN..IM SURPRISE THAT SOME STILL ARE...
that is why socialist lefties exist to balance off capitalist who are likely to be selfish greedy....we cant let this people rule up politician as their puppet as most of the time...we need politician who are very firm and full of integrity to head this country to better future...thats why in islam,is compulsary for every muslim who establish rich pay 'zakat' 2.5 %,and non muslim pay 'jizyah'/tax...to ensure the wealth are well distribute.
I agree. This is normal in Capitalism. If i work hard and study hard, I want to be better off than most people. Not the same level as those who don't work.
Entrepreneur will keep a very large potion of their earnings for themselves.that is why income gap will always be there.the poor will have to climb the economic ladder themself.no two way about it.
bad capitalism does exist and it need to be eradicated but, the burden lies on you alone. if you won't work hard, study hard, choose the right degree/diploma, make good and important life decision, why should you earn more than people who did all of those things ?
Face the facts. Perseverance, hard work and commitment. Please keep in mind to earn more required a lot of sacrifice. If you aren’t willing to sacrifice why blame other.
The problem is that people who are born in disadvantaged positions will have to work and sacrifice twice as much. And even then, if might not be enough. That's because those from disadvantaged backgrounds rarely have a social/economic safety net. If they fall on hard times (even if it's an economic downturn that's not their fault, for example), they are less likely to recover, and more likely to spiral into generational poverty.
Thanks for the comment, and for bringing up the GINI coefficient. We do our best to cover everything as well as we can, but we obviously can't, so we always count on well-informed viewers to chip in and continue the discussion in the comments. (Can't say we appreciate the jibe about us "lying with a straight face", but we'll look past that for now...) Anyway, the statistic we quoted in the video about the widening income gap is from a Khazanah research that actually does report a decreasing GINI coefficient in Malaysia over several decades AND an increasing T20/B40 income gap since 2008. The lead author of the research explained that despite the decreasing GINI, the T20's income growth is still widening the gap with the B40 group in absolute terms. In relative terms, yes, the B40 group's income is increasing at a faster rate, but in absolute terms, the gap is still widening as the T20 group started at a much higher base. You can read more about it here: www.thestar.com.my/business/business-news/2018/10/16/malaysias-widening-income-gap/ So no, we were not lying.
There must be consistency national yearly wage review and recommendations. The formation of a united national wage council has to be uniform between the public and private sectors. The government shall formulate a national poverty financial assistance policy, whereby all those below the poverty line shall be provided financial incentives based on government revenue surpluses, meaning a portion of the surplus if any shall be credited into the EPF second or third account, allowing individual recipients to utilize the funds for investment or for purchasing homes only. In other words, the values of this investment shall raise overtime, enabling investors to uplift their living standards and accumulate wealth. If for any reason this shares or properties being sold, thus the portion of the EPF investment shall be reimbursed back into EPF second or third account. Meaning the owner cannot misappropriate any money from the EPF accounts.
There is no such thing as lucky. While luck may be a part of it. Most of it is due to hard work, perseverence and proper plannings. You can't expect fortune to befall on you just like that. You still have to work your arse off to reap the fruit of your labour!
Capitalist entrepreneurs and politician too much influence enacted laws in favour of them. The immigrant citizent more richest than bumi. Worried there will be chaos. Need more comnunism or socialist way of ruling otherwise there will rise radical group or chaos like May 13 repeated
comnunism or socialist? do u need terrorism? have u joined ISIS? whenever there's prob internal, it's always chinese caused it, external: freemason/western/israel. u urself no prob? shame on u, shame on u. shame on u! look at how look u r!
look at how much budget allocation for malay school? u think who has the most? look at how many percent in local U + Mara. u think who has the most? for 60+ years, u done nothing and bark like crazy dogs? shame on u, shame on u. shame on u!
when u ppl bomb china west, thai south, Philippine south for so many years until now, yet u n ur kind still call chinese communist? shame on u, shame on u. shame on u!
look at old testament, who was on the israel land first? if they r the prince of the soil there too, what's ur stand in palestine? shame on u, shame on u. shame on u!
look at how much najib n rosmah & his gang ran away the money? how altantunya killed? yet u n ur kind still call chinese cheat? shame on u, shame on u. shame on u!
I'm impressed with the quality of the videos produced by R.age... I wish you well. Keep up the good work!
This is a global trend happening everywhere, not just in Malaysia. It is very bad in places like the USA with a shocking amount of homelessness, and financial distress. This is made worse by the growing social issues with a majority of families now broken, and raising levels of drug & alcohol dependencies.
If its so bad in the US why is there people still trying to get in?
@@mohamedgoldstein5565 Some people still don't know any better...
@@SonyJimable So you are saying you know better than the people who come in legally and illegally and then stay in the US for generations - that they dont know any better?
@@mohamedgoldstein5565 They come in and live for generations do they? How old are these people you know?
@@SonyJimable You dont need to know the people. You just need to know how to read the stats.
By a wide margin, the U.S. has more immigrants than any other country in the world. As of 2015, the United Nations estimates that 46.6 million people living in the United States were not born there. This means that about one-in-five international migrants (19%) live in the U.S. The U.S. immigrant population is nearly four times that of the world’s next largest immigrant destination - Germany, with about 12 million immigrants.
Great coverage, but there are many element that is not discussed and factored in. Data being presented does not include organization that pays illegally, and illegal immigrant that is receiving less than minimal salary because organization doesn't need to register them in. Does the minimal wage is clean profit, or after tax and other required deduction. Raising minimal wage is not the solution towards closing wage gap but rather will create more disparity due greed from organization, using those cost to charge more to consumer, further reducing Purchasing Power Parity. Rather asking why, perhaps we should ask is it ethical to have policies that allows organization to have tax evasion. And of course, any correlation of corruption affecting the cost of living.
Consumption tax is better than income tax in capturing tax revenue leakages from black economy.
Only education, hardwork and family planning can close the gap. Rm16k might look a lot but if you have 6 kids with 16k salary vs 2 kids with 7k salary, the 7k income family is still going to have a much easier time. the fact that 16k salary (4k usd / 5k S$) is considered top 20% speaks volume about how much development is needed for our country. Goods in our country arent expensive by foreign country standards but our currency is really weak, so our spending power is weakened considerably
Thank you for informative video in perfect English!
0:38 Living cost a month in KL = RM 2.700 (for single) and RM 6.500 (for couple and 2 children).
I just realized that my family lives in Relative wealth compared to most Malaysian, I feel like that's a bit unfair?
I like the current issues that you have brought into this medium. Keep it up and looking forward your next stories. Thumbs up
We need a reset in policies across the board for all Malaysia. Tku for the video. It’s spot on. Kip it up
Graduates spend RM200,000 to RM450,000 in private colleges and end up earning peanut wages RM1800 to RM2300. A form five student can just earn the same wages in factories or 99 mini market. The government must provide english education, so that more malaysian can travel overseas and work to send home the foreign exchange and help build the family finances.
That is the case bc the form 5 student started to climb the ladder before the graduates. So even when you finish degree your job will probably be lower than a form 5 who work there for few years. That is what you should expect. Bc all bosses evaluate society experiences rather than the sijil.... Unless you already have both the work experience and uni degree than you can start off very strong.
Wow...very bold move to tell the truth. 👌👍👍👍👍👍
I love this video! Very informative and nicely put together.
Very good locally produced documentary. Congratulations to tyh team
Income disparity is not only an issue in Malaysia but all over the world , so stop stating it like it is only happening in Malaysia.
The main cause of this disparity is due to the greed of the top 20 % in Malaysia, the manufacturers, the owners of huge conglomerates and their cronies in the govt.
Little do they realize that they are killing themselves by their greed. The remaining 80 % are already struggling to feed nutritious food for their families and very soon owning cars, motorbikes, houses , and affording good education for their children will become hard or impossible for them.
With even only the bottom 40 % being unable to afford the necessities , which will become luxuries to them, it is the top 20 % who will loose due to diminishing sales.
Like I have always said, they are strangling their golden geese and don't realize it.
That 20% only care about profit and theirself.
Love this channel... From South Africa
One remedy or perhaps the only one way we can solve inequalities is to provide free quality education centre for all the B40.
This will be a boarding school for the childrens from B40 family where everything from food, cloth and daily essential is provided.
With all the essential provided they can focus on learning and grow without worry of not being able to pay for the books and tution fees.
We can make this school to held same level of prestiges as SM Sains school so that their graduates will be highly seek upon by employers.
I believe if this were executed correctly the gap will be much reduced in less than 10 years.
lemustang greed kalau semua pandai siapa nak jadi kuli?- neoliberal atok.
We already have boarding school system in Malaysia albeit for some privilege people only. The better way to improve the primary and secondary school system is to revert to the true and tried system we had in the 50's to 80's and not the present system where i quote Mahathir " a semi religious educational system".
We are in the 21st Century and year 2020 is near approaching but yet the issues of income disparity in Malaysia has on going for long. In my opinion, all parties like the government, private, ngo and in fact ourselves must realise that we cant longer depend until the Government to come such an initiative, mechanism, program and etc to mitigate this issues. For years I have seen the government allocate and implement RM millions in Human Capital events across the states. But yet has this been giving positive outcome in terms of success rate? I dont think so. Besides, we are bless our country is rich with multi resources that yet to be tap to the fullest. Period, we can play our part to support the government and take every opportunities in this cause and that comes in to our way. We will over come this, period.
but in Malaysia whatever measure taken to rectify such a problem would be translated into a political issue and in all political issue all of it would be turned into a racial issue. So in before they start pinning blame on the minorities.
Nobody want to question why is our annual import is around 180 billion while comparing to Russia's its around 220 billion.
How do I stop receiving the r.age newsflash?
The lesson is for folks who are planning to go to university, choose a diploma/degree that pays you enough not art, not film degree. For young people, avoid marrying or having kids if you can't afford it.
So what is the solution
The Bangladeshi people like this man and thousands of professors, corporates and entrepreneurs contributing to the country are always ignored but the brand image of Bangladesh is seen based on the laborers (that too not the good ones but the few who make troubles). Why are we not talking about this?
The reason for increasing wealth inequality is the capitalization of labor through computerization, robotics and artificial intelligence. If big money owns companies that grow their wealth faster than the economy grows, the bottom will increasingly suffer. That's true in mostly every country on earth. What's needed is a universal overhaul of the tax system such as increasing VAT to try to capture some of this new wealth and give it back to citizens.
Hey guys just a suggestion. I think it is really important to use the correct terms "average", "median" and other statistical data. Your first statement just generalized the whole country.
Yup the one that get 2700 is the above average
It's not the education that caused this issue. It's the Malaysian employers who are holding their money tight. That's all, not the government, not the education.
Graphs too general. Detail of T20, M20, B40 etc???? There's no detall bdown according to enthics......nothing to solve...
inequality should be optimized. It cannot be eliminated.
RM16k is high? that's close to the median income in singapore. you guys deserve better :/
Increasing wealth gap is common in many countries. Malaysia has always invested more on prestige infrastructure than social needs. As a result it has the best roads in SE Asia, but not the best educational institutions. To the Malaysian govt., social programs are about giving out free stuff - not strategic programs to improve people’s life.
It is a great country with high potential. So go Malaysia!!
No, Malaysia don't have the best roads and infrastructure in SEA.
Most areas in Malaysia including the major cities don't even have proper pavement for pedestrians to walk on safely.
The best infrastructure in SEA goes to Singapore. Almost everywhere, theres proper pavement for you to safely walk and jog. You can even lie down or sit safely for a while if you want on SGs pavement.
Malaysia use to have best road but not anymore.
Income gap actually REDUCES in ratio terms. 9000/1000 = 9x vs 16000/2000 = 8x which filters out inflation effect.
How statistics can lie. 😉
Great report nonetheless. Our GINI coefficient is highest compared to our neighbours and it hasn't change much over the years.
Rising wealth gap may be addressed by income redistribution (UBI in the future?) but literacy and income generating skill acquisition (not paper certificate) should be the primary focus especially when humans will face fiercer competition from machines and AI's in the future. Benefits from selective income redistribution is a short term assistance, not an entitlement. KPI should be measured to assess program effectiveness and published for transparency.
At the same time wealth accumulation should be promoted instead of increased consumption with better income. Improving financial education may be the key here.
In the long run, teaching someone how to fish better is better than giving them extra fish.
not only income but spoken language..if u realize at jobstreet..job offer for mandarin speaker is higher from other race even they hold the same position..
All because of venacular schools.
Because they think Malay people got government job
Busines for Chinese
@@plantlover1364 Government cannot hire all Malays/Bumis to work in Gov sector. The economy will collapse.
I am feelin' the Bern.
That said, we should definitely rethink the merits of redistributive policies, taxation and rebuild trust between the taxpayer and the government.
The Nordic countries seem to strike the balance in almost every area imaginable, fow now. Maybe we should read up on how they beat back inequality in their own backyard, and how we might apply the lessons here.
Of course, there are racial dimensions to socioeconomic inequality, as well. Each ethnic group perceives welfare, government, markets, and taxes differently. The different experiences also compels us to read the nuance, why each ethnic is in its own situation today, what are the kinds of inter- and intra-ethnic inequalities present, and how each problem may be addressed.
That's enough rambling from me today.
@Eason Cheng and who I wonder tickles your fancy? Sweatshop China? Suicide S.Korea? Corporate America?
@Eason Cheng
Actually, it appears to be that you have shown yourself to be a person who is unable to provide any factual or supported alternatives to the left and centre economic systems championed/implemented by the Nordic countries and Bernie Sanders, while at the same time, reduced yourself to becoming unnecessarily overheated with excessive swearing despite not presenting much justification for attacking another person's honest opinion.
I think history and case studies will clearly show how capitalism and neo-liberal ideologies have increased the socio-economic inequality and conflicts cause by self-serving politics and businesses, compared to people-focused economic policies.
Unless of course, as someone who seems to be a self-proclaimed economist expert, you disagree that economics is a social science which like politics, is subjective.
I mean, let's not take into account that economists like Joseph Stiglitz actually made any sense when he pokes the very real big holes into the current right-wing economics dominating most nations- which was clearly why he became a Nobel Peace Prize laureate, right?
@Eason Cheng
It's interesting to hear you claim you do know a lot of economics yet not share any such knowledge to make yourself credible. And just as interesting as you assume everyone here know nothing of economics.
Okay, sure. You don't have to prove yourself right. You also do not need to make a fool out of yourself :)
Eason Cheng I don't know about the rest but I do know Sweden is being run by a feminist leaning administration- they got they're social welfare programs sorted alright (which Bernie and other lefties confuse with socialism), but don't know jack on how to plough snow off the streets....
I'm pretty new to this channel. I enjoy the contents and quality poured into it. I need some time to catch up on all o your older videos. But seriously why the black bars on both sides of the video? I just wasted half of pixels available on the screen to just display black boxes. Just imagine how much info can be put on those bars instead. I'm glad vox didn't do things like this.
its all because of ex pm Najib and his wife Rosmah did this. they are rich with your tax money.
HAHAHAHA... U JUST PUT YOUR FOOT IN UR MOUTH, DIDNT YA?
NO HANDBAGS, NO GST STOLEN (AT LEAST BY BN N DSN), BUT STOLEN N MISMANAGED BY PH, NO SPORTS CARS AS PH CLAIMED AT D PAVILLION BASEMENT CARPARKS, NO NO MISSING RM2.6B FRM 1MDB, NO RM24MILL RING...NO NOTHING!!
RAKYAT WERE SO DUMB THEN..IM SURPRISE THAT SOME STILL ARE...
They're just the symptoms, not the underlying causes.
Malaysia richest households is like US poverty’s. We are just living in North Korea.
I was too distracted by the presenter to listen what she was saying....
Education good until 1981.1982 onwards u know lah
that is why socialist lefties exist to balance off capitalist who are likely to be selfish greedy....we cant let this people rule up politician as their puppet as most of the time...we need politician who are very firm and full of integrity to head this country to better future...thats why in islam,is compulsary for every muslim who establish rich pay 'zakat' 2.5 %,and non muslim pay 'jizyah'/tax...to ensure the wealth are well distribute.
Tell that to the employers, see if they care. Blame it on education bla bla bla. low quality bosses is the pronlem.
High income earners also work very late and on weekends too. In this era, u have plenty of earning opportunities and chances to upgrade your skill
I agree. This is normal in Capitalism. If i work hard and study hard, I want to be better off than most people. Not the same level as those who don't work.
Agreed... I'm seeing people make huge amounts of money by using their brains and working harder.
Entrepreneur will keep a very large potion of their earnings for themselves.that is why income gap will always be there.the poor will have to climb the economic ladder themself.no two way about it.
bad capitalism does exist and it need to be eradicated but, the burden lies on you alone. if you won't work hard, study hard, choose the right degree/diploma, make good and important life decision, why should you earn more than people who did all of those things ?
This is what you get when you hire Gender Studies majors to run the Economic Think Tank.
Nice sound bytes but signifies nothing.
Face the facts.
Perseverance, hard work and commitment.
Please keep in mind to earn more required a lot of sacrifice. If you aren’t willing to sacrifice why blame other.
The problem is that people who are born in disadvantaged positions will have to work and sacrifice twice as much. And even then, if might not be enough.
That's because those from disadvantaged backgrounds rarely have a social/economic safety net. If they fall on hard times (even if it's an economic downturn that's not their fault, for example), they are less likely to recover, and more likely to spiral into generational poverty.
Watching this on 2021.
COVID and worst case new type of COVID related virus not applied. Lol.
malaysia saw a consistent drop in geni co efficient but an increase in wages gap? great journalism ftw. lying with a straight face
Thanks for the comment, and for bringing up the GINI coefficient. We do our best to cover everything as well as we can, but we obviously can't, so we always count on well-informed viewers to chip in and continue the discussion in the comments.
(Can't say we appreciate the jibe about us "lying with a straight face", but we'll look past that for now...)
Anyway, the statistic we quoted in the video about the widening income gap is from a Khazanah research that actually does report a decreasing GINI coefficient in Malaysia over several decades AND an increasing T20/B40 income gap since 2008.
The lead author of the research explained that despite the decreasing GINI, the T20's income growth is still widening the gap with the B40 group in absolute terms. In relative terms, yes, the B40 group's income is increasing at a faster rate, but in absolute terms, the gap is still widening as the T20 group started at a much higher base.
You can read more about it here: www.thestar.com.my/business/business-news/2018/10/16/malaysias-widening-income-gap/
So no, we were not lying.
Isnt that what malaysian believe, free market?
There must be consistency national yearly wage review and recommendations. The formation of a united national wage council has to be uniform between the public and private sectors. The government shall formulate a national poverty financial assistance policy, whereby all those below the poverty line shall be provided financial incentives based on government revenue surpluses, meaning a portion of the surplus if any shall be credited into the EPF second or third account, allowing individual recipients to utilize the funds for investment or for purchasing homes only. In other words, the values of this investment shall raise overtime, enabling investors to uplift their living standards and accumulate wealth. If for any reason this shares or properties being sold, thus the portion of the EPF investment shall be reimbursed back into EPF second or third account. Meaning the owner cannot misappropriate any money from the EPF accounts.
Why foreigner can get high salary in malaysia.which is above rm5000.while local below than that.
That's bc the foreigners earn that job through years?? Also which job specifically?
Why dont you also make a report on the inequalities & racial based preferances that exist at the various levels of Malaysian education.
Lucky educated msian moved to overseas
There is no such thing as lucky. While luck may be a part of it. Most of it is due to hard work, perseverence and proper plannings. You can't expect fortune to befall on you just like that. You still have to work your arse off to reap the fruit of your labour!
Capitalist entrepreneurs and politician too much influence enacted laws in favour of them. The immigrant citizent more richest than bumi. Worried there will be chaos. Need more comnunism or socialist way of ruling otherwise there will rise radical group or chaos like May 13 repeated
comnunism or socialist? do u need terrorism? have u joined ISIS? whenever there's prob internal, it's always chinese caused it, external: freemason/western/israel. u urself no prob? shame on u, shame on u. shame on u! look at how look u r!
look at how much budget allocation for malay school? u think who has the most? look at how many percent in local U + Mara. u think who has the most? for 60+ years, u done nothing and bark like crazy dogs? shame on u, shame on u. shame on u!
when u ppl bomb china west, thai south, Philippine south for so many years until now, yet u n ur kind still call chinese communist? shame on u, shame on u. shame on u!
look at old testament, who was on the israel land first? if they r the prince of the soil there too, what's ur stand in palestine? shame on u, shame on u. shame on u!
look at how much najib n rosmah & his gang ran away the money? how altantunya killed? yet u n ur kind still call chinese cheat? shame on u, shame on u. shame on u!
Where got gap??? Everyone is rich... 6% don’t want, want 10% some more donate to the tabung until shockingly amount
ACTIVATE DBKL,POLICE, MARINES, NAVY, AERIAL TO CATCH FOREIGNERS SEND THEM HOME!!! I dont like them. clogs up Msia
When education system created by dungus.,what to expect