Pandemic Squeeze On Salaries & Wages

Dr Niaz Asadullah, Southeast Asia Lead, Global Labor Organisation

19-Jul-21 07:45

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According to the Department of Statistics Malaysia (DOSM), mean salaries and wages fell 9% in 2020 due to the economic effects of the pandemic. Is this downward trend a temporary blip, or could we see long-lasting implications for the Malaysian economy? Labour economist Dr. Niaz Asadullah helps us understand the data better.

Image Credit: EPA-EFE

Produced by: Shazana Mokhtar

Presented by: Shazana Mokhtar, Wong Shou Ning, Philip See

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Categories: Business Analysis, Trends and Forecasts, Markets, Personal Finance, Investments, Financial Literacy, Young Finance, Politics, Social Issues, law & legal matters

Tags: Covid-19, salary, wages, pandemic, economy, statistics, workers,

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