The government has reached an agreement
with the private sector on the minimum wage issue. Hooray! Good news
for all workers, or is it? We do have to wait for the full disclosure
of the details before we can really rejoice at the news. Does this
mean that the current spell of one off aid to those below a certain
salary will be discontinued? The funds being allocated for schemes
such as BR1M could be better used to improve the network of
reasonably priced goods sold nationwide.
That would be ideal as the minimum wage
should take into account the different hardships faced by those
living in urban areas where the cost of living is much higher. The
basic needs of food and shelter will always take a big chunk of one's
take home pay. If that portion of the monthly expenses could be
managed prudently with prices within each family's means, there would
be more surplus to save for a rainy day.
All workers especially those struggling
in urban areas would definitely benefit from a comprehensive minimum
wage policy. We have to wait for the details to find out whether it
is really a boon or bane.
Image from hawaiibusiness
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