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Minimum wage: We are in a difficult situation, says Dr Mahathir

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Malaysia risks losing its competitive edge if the minimum wage is raised too drastically, Prime Minister Dr Mahathir Mohamad said today.
He also said the government's hands are tied with regard to finances and it cannot afford to increase government spending.
“There are some who think that minimum wage should be RM1,800. Some say it should be RM1,500.
“But we are in a difficult situation, where much of the money that is supposed to be there has been used to repay huge debts. Even servicing the interest is a huge expense. That' why we can’t raise government spending.
“Also, we have to remember that we are competing with other countries. If cost increases are too high, we would lose our competitive edge,” he told a press conference in Petaling Jaya.
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