Malaysia’s wage growth lags behind GDP as ‘top firms are not scaling’ – what gives?
Business
A World Bank report in May found that Malaysia’s wage growth since 2010 has lagged behind its gross domestic product (GDP) growth in part because top firms in the country are not scaling up. KUALA LUMPUR: They form the top 10 per cent of businesses in Malaysia productivity-wise. They are considered to be highly efficient and more importantly, pay their employees nearly three times the national median wage. They span across industries and all types of formal businesses operating in the
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