No new wage target, but economy minister says govt wants greater transparency in salary offers

KUALA LUMPUR, Sept 7 — Economy Minister Akmal Nasrullah Mohd Nasir has stated that the government is focusing on enhancing transparency and fairness in salary offers, rather than establishing a fixed wage target. Speaking after a dialogue session, Nasir emphasized that wage growth is crucial to ensure the benefits of economic progress reach the general populace. He noted that while the median wage stands at approximately RM3,600, there is a significant disparity, especially among Bumiputera communities.

Nasir highlighted the need for greater transparency in wage offers to guarantee workers receive equitable compensation for their efforts. He affirmed that the government aims to make salary offerings more transparent and equitable. Additionally, he proposed reassessing equal opportunities for workers, particularly for younger individuals and other employees, to ensure they receive wages reflective of their contributions.

Nasir clarified that this approach does not involve setting a single, universal wage amount, but rather focuses on promoting openness and fairness in the wages being provided. He emphasized that wages should ideally meet the needs of the population, taking into account factors such as location and household size, through the Perceived Adequacy of Household Expenditure indicator. "Our goal is greater transparency in salary offers, rather than setting an absolute figure," Nasir concluded.