Posted by stockraider > 2019-07-08 20:51 | Report Abuse

I read the malay T10 numbers is even higher than the chinese T10 loh...!! This is bcos the govt benefit the elite Malay the most loh..!

If there is unequal distribution of wealth, they need to help their own people by giving training better and increasing their competitive attitude loh..!!

We cannot be simply increasing pay forever loh...!!

If u increase pay without increasing productivity means inflation will hit us loh....!!

This is what happen this few yrs, when everyone complain, that things all gone up price and higher cost of living loh...!!

Cost of living Up why leh ??
Govt Simply impose increase salary.
Corruption not under control.
Discrimination social engineering
Wastage, doing unnecessary things that does not generate productivity.
Giving Free monies; by giving free monies thru brim, subsidy etc loh...!!
Ringgit collapse bcos msia cannot compete loh....!!

So simply give more salary and freebies without much effort on the recipient or increasing productivity will make thing worse for the country loh....!!

ONE WAY PROBABILITY CAN DO TO IMPROVE WEALTH IS THAT, U DONATE PART OF YOUR WEALTH AWAY LOH...!!
But u think carefully lah...we have been doing that all this for a long time...bcos govt take ur monies but benefit the malay loh..!!

1. More university for the malay
2. More school for the malays.
3. Mosque and religious funding for malays

All these our children do not benefit but after 60 yrs of wealth transfer, their progress are still backward loh...!!

Posted by probability > Jul 8, 2019 8:29 PM | Report Abuse

aiyo raider...though i dont have the numbers with me...i can tell that the country's gdp per capita ratio to the average (majority population) wage earners's wage...would be having a steep difference...

the argument is more on what can be done to distribute the wealth..

all the natural resources money is going into a few crony pockets

this is not good for malaysia

Posted by stockraider > 2019-07-08 20:56 |

Post removed.Why?

Posted by 7300 > 2019-07-08 23:43 | Report Abuse

recession looming....150yrs deutche bank can see n started with asia,the deep cuts until to 2022 is no play play for next 15-20 years cycle huge ballons bust,

Posted by 7300 > 2019-07-08 23:46 | Report Abuse

not like US wolf, German are straightforward n sharp....mana soros?

Posted by stockraider > 2019-07-10 19:36 |

Post removed.Why?

Posted by Mr Jho Heavenly Petron & GCB & ECONBHD > 2019-07-10 19:39 | Report Abuse

No no no need more people to work harder to contribute more to the country hahah

Posted by probability > 2019-07-10 19:40 | Report Abuse

the capitalist like raider want you sochais to work hard for him ma...lol!

Posted by Mr Jho Heavenly Petron & GCB & ECONBHD > 2019-07-10 19:50 | Report Abuse

it's okay can make back the money from his bad investments wakakaka

Posted by probability > 2019-07-10 19:50 | Report Abuse

Humans have to learn from honey bees...the Queen (capitalist) and worker bees (wage earners)...lives together in a ~ fair society...they share their harvested honey together...independent to who brought more honey...they take care of their eggs, larva and pupa together...they know in which portions to share royal jelly with the queen..

obviously the queen bees knows to appreciate its worker bees..

they seem to know 'the balance'...

unlike human capitalists...that greedy ones ma....if they can get away with enslaving others ...they will....they dont mind squeezing the workers till their last drop of blood for their return on equity ma...

lol!

Posted by stockraider > 2019-07-10 19:57 |

Post removed.Why?

Posted by Mr Jho Heavenly Petron & GCB & ECONBHD > 2019-07-10 19:59 | Report Abuse

raider you trying to be racist here? No good

Posted by probability > 2019-07-10 20:04 | Report Abuse

raider...we are not talking about donation here...i have no objections for workers to raise their competence level...

i am talking about giving 'pay' (A) fair to the 'cost of living' (B)...

remember B is actually where the business make their money...and its from business is where the A is formed...

A and B magnitude must be balanced...you cannot raise B and squeeze on A...

thats pure enslavery
....................

think about the maths above deeply...

i know the economics of money flow deeper than you can think

Posted by probability > 2019-07-10 20:07 | Report Abuse

business make money B based on the populations basic consumption (cost of living)...

if you dont give them pay A...at the same magnitude level....you as business owner (capitalist) are basically siphoning their hardwork to your own benefit..

Posted by stockraider > 2019-07-10 20:08 | Report Abuse

We are the victim & is still being discriminated...not racist loh..!!

Coming to minimum pay...a foreign bangla employee will cost an employer all in cost of rm 1600 per month inclusive of levy whereas the local will cost the employer about rm 1350 per month but why employer still willing pay more for the foreigner leh ??

This is bcos the foreigner are hardworking and has good working attitude whereas the local are soft, lazy and has bad work ethics loh...!!

One foreigner can do about 2.5 worker jobs loh...!!

Thats why raider say we must buck up loh....!!

It is not exploitation mah....!!

Posted by Mr Jho Heavenly Petron & GCB & ECONBHD > Jul 10, 2019 7:59 PM | Report Abuse

raider you trying to be racist here? No good

Posted by probability > 2019-07-10 20:14 | Report Abuse

the subject we are discussing here (as far as i am concern) its none specific to malaysia or the inequality between races wealth distribution based on their hardwork or competence...

its about the general issue of the 99% poor everywhere..in the world

all their fucking hardwork right from the age of 5 till 26 and till they retire is siphoned by the capitalist (1%)...

their earnings will never catch up with the cost of living which their strive for all their life.....cost of living is a moving target ...and illusion..lured by the capitalist...which they will never attain...

they will never attain financial freedom they imagined they will

Posted by probability > 2019-07-10 20:18 | Report Abuse

simply because as much as their pay is raised by the business they work for..their consumption cost is raised even higher..so that the business will make more money (from the net difference)....

this tension of stretch is inevitable..in a capitalist economy...but the tension can be relaxed if the capitalist cares...and if the worker demand a better pay..an lesser cost of living..

its a purely a mindset thing that can be cultivated ...if the workers act in unison

Posted by stockraider > 2019-07-10 20:22 | Report Abuse

As raider say no use u simply give higher pay without productivity improvement mah...your barang price will also increase to compensate loh...!!

Take Australi chap fan will cost Rm 50 per plate compare to here Rm 7 per plate loh...do u want this to happen in msia leh ??

The other thing, if msian minimum pay is Rm 8000 month same as australia u think msia can compete with Thailand, Vietnam, Philipine, Indonesia & mynmar and sell n produce more than them leh ??

All these asean countries are quietly laughing at our stupidity to have such a high salary loh...!!

The business owner put their capital,entrepreneurial and management effort at risk, thus they need to be given fair return loh...!!

They can always move to another country loh...!!

The business owner is not exploiting, as they put in alot of tears, sweats and capital at risk try to promote & develop the country loh..!!

In addition they also paid alot of taxes mah...!!

Posted by probability > Jul 10, 2019 8:07 PM | Report Abuse

business make money B based on the populations basic consumption (cost of living)...

if you dont give them pay A...at the same magnitude level....you as business owner (capitalist) are basically siphoning their hardwork to your own benefit..

Posted by stockraider > 2019-07-10 20:34 | Report Abuse

Why those workers do not build & create wealth leh ??

This is mainly, Bcos of poor financial management loh....!!
Imagine a worker can make Rm 7000 a month but they over spend Rm 8000 month........how to build wealth leh ??

U need to save & save mah...like make Rm 7000, u spendlah Rm 5000 a month loh..!!

This means need to downgrade your immediate standard of living in order to build capital mah....!!

To build wealth, the paramount importance is not actually how much u make but how much u save mah.....!!

If read rich dad v poor dad book, this is what happening to the whole world loh..!

In order to be successful u need to breakout from your poor dad mentality and join the rich dad mentality and change our attitude to live loh..!!

Posted by probability > Jul 10, 2019 8:14 PM | Report Abuse

the subject we are discussing here (as far as i am concern) its none specific to malaysia or the inequality between races wealth distribution based on their hardwork or competence...

its about the general issue of the 99% poor everywhere..in the world

all their fucking hardwork right from the age of 5 till 26 and till they retire is siphoned by the capitalist (1%)...

their earnings will never catch up with the cost of living which their strive for all their life.....cost of living is a moving target ...and illusion..lured by the capitalist...which they will never attain...

they will never attain financial freedom they imagined they will

Posted by Mr Jho Heavenly Petron & GCB & ECONBHD > 2019-07-10 20:40 | Report Abuse

probability you should be the next Prime Minister really, I will vote for you. You have the exact same ideas as me, just that I can't put it in words as coherently as eloquently as you.

The fundamental source of the problem is greedy capitalists! Need so much money for what?

Posted by Mr Jho Heavenly Petron & GCB & ECONBHD > 2019-07-10 20:41 | Report Abuse

I think one of the main reason for Malaysia employees to be unmotivated and can't work in a productive manner is because of the low wages. It's just like you work so hard but you still earn peanuts. Why not just go overseas to work, where you can earn more and can earn more in terms of purchasing power?

Posted by Mr Jho Heavenly Petron & GCB & ECONBHD > 2019-07-10 20:43 | Report Abuse

stockraider please don't bullshit, Australia chap fan where got RM50? Spewing lies again. Full of lies and shit lah really !

Posted by stockraider > 2019-07-10 20:49 | Report Abuse

Why bill gates, warren buffet, quek leng chan, robert kwok....not bcos they really want to just make alot of monies in which they already have more than enough, it is bcos monies look for them mah...!!

Success build success loh....!! This means they cannot help it loh....business just look for them mah...!!

These people donate alot of monies....but after donating alot....the monies again come looking for them loh...!!

One thing...u need to do something productive to breed success...u cannot sit down & shake leg, hoping u will be rich.

U need work hard, creative, skillful and rational b4 success look for u loh.....!!

In addition...if u earn monies....u must save up monies to create more productive capital mah...!!

Posted by stockraider > 2019-07-10 20:50 | Report Abuse

after currency conversion about there loh...!!

Thats why alot of people cook ownself loh...!!

Posted by Mr Jho Heavenly Petron & GCB & ECONBHD > Jul 10, 2019 8:43 PM | Report Abuse

stockraider please don't bullshit, Australia chap fan where got RM50? Spewing lies again. Full of lies and shit lah really !

Posted by zhen wei & JP > 2019-07-10 20:53 | Report Abuse

Malaysia = low wages

Posted by stockraider > 2019-07-10 20:56 | Report Abuse

Already explain why salary cannot be high loh...!!

The other thing, if msian minimum pay is Rm 8000 month same as australia u think msia can compete with Thailand, Vietnam, Philipine, Indonesia & mynmar and sell n produce more than them leh ??

All these asean countries are quietly laughing at our stupidity to have such a high salary loh...!!

It is all about productivity loh...!!

Posted by zhen wei & JP > Jul 10, 2019 8:53 PM | Report Abuse

Malaysia = low wages

Posted by zhen wei & JP > 2019-07-10 21:06 | Report Abuse

Demand> productivity > efficiency.

Posted by stockraider > 2019-07-10 21:21 | Report Abuse

Remember if u go on the basis of high pay....the export industry will kaput and thus msia economy will kaput too loh...then one day ur grand daughter or great grand daughter may need work as a maid to spore, thailand, hk, vietnam to save and feed your family.

Just be very careful loh...!!
If u make the industry not competitive loh....!!

Posted by zhen wei & JP > Jul 10, 2019 9:06 PM | Report Abuse

Demand> productivity > efficiency.

Posted by Mr Jho Heavenly Petron & GCB & ECONBHD > 2019-07-10 22:24 | Report Abuse

Why i see Singapore higher wage, but export industry no kaput, instead Malaysian need to go Singapore to become waiters (your perceived low class jobs btw). Why Australia with the highest minimum wage in the world doesn't have their export industry kaput? I think Malaysia is really a low wage country problem. Wawasan 2020 become high wage country leh, how high can it go I wonder, got 5 months left. Fresh graduates can barely get 3k (it's in Ringgit mind you!)

Posted by probability > 2019-07-10 22:49 | Report Abuse

one can understand the views i had expressed above if you view the arguments in a closed loop economy (a single country where there is no export or import involved) where business exist interdependently within this economy to cater the needs of its citizens.

(you need not confuse by bringing cheap labor or competent workforce from foreign country into the equation)

within a closed loop economy, composite work done by all worforce = composite consumption of all workforce

competitive advantage of a worker (competence) would only make him deserve a salary relatively higher than less competent workers within the same country

the competent work force would enjoy consumption at the magnitude he earns..and thus deserving luxury items ( a bigger house , better car, better brand shoes, clothes and watches relatively)

this relative differential in competence would have at most extreme case be in the ratio of 40% very competent and 60% less competent..

it could never ever stretch to the observed 5% rich and 95% poor workforce to an extent that this 95% poor is unable to afford even the BASIC CONSUMPTION needs (an average house , an average car, education, children etc).....

despite these younger generation are inheriting cumulative workdone by their predecessor citizens

such an extreme stretch of maldistribution (unevenness) in consumption capability (consumption power) within the same country can only be done...caused by:

the bullying capitalist
........................

Posted by stockraider > 2019-07-10 22:56 | Report Abuse

Correctloh...why spore leh ?

Singapore is the most competitive economy in the world mah....!!

They have skillful workers and make more high tech products, pharmauceutical, petroleum industry, there have great tourism industry with superb openness with various cultural of the world, there are hub connecting the world, then their education are superb quality loh...!!

The govt servant very small size and very efficient and most importantly they is not much corruption & wastage leh ??

If U compare to msia chehkai..youth define 30 or 40 also big arguement loh...also education very low standard, corruption high, wastages here & there....all the rich do not even use govt services such as university, secondary school, hospital etc bcos perceive very poor standard loh...!!

Again the people very backward talk about politic like race & religion and royalty to further divide the people. Alot of interference with free flow business even concert also cancel...the authority no brain loh...!!

Btw in spore u still can get Kai fan at SGD 2 to 3 whereas msia u get Rm 5 to Rm 8 loh...!! The inflation in spore not that high at all loh...!!

Yes salary is high, when u convert from SGD to MYR...but dollar to dollar...the price of basic necessity not expensive and cheap loh...!!

But car are extremely expensive alot of people do not own these assets loh..!! The public is taking bus and rail, which are super efficient & reasonable cheap mah...!!

The highest investment item for sporean is property...owning a HDB apartment is a commitment for a lifetime and consider very expensive n just like msia mah..!!

But in Msia u still can buy cheap cheap flat & apartment costing Rm 100k to Rm 300k, thus msia is cheaper.

Having say that Spore can afford to hava a minimum salary of Rm 6000 bcos they are highly efficient & most people work very hard loh..!!


Posted by Mr Jho Heavenly Petron & GCB & ECONBHD > Jul 10, 2019 10:24 PM | Report Abuse

Why i see Singapore higher wage, but export industry no kaput, instead Malaysian need to go Singapore to become waiters (your perceived low class jobs btw). Why Australia with the highest minimum wage in the world doesn't have their export industry kaput? I think Malaysia is really a low wage country problem. Wawasan 2020 become high wage country leh, how high can it go I wonder, got 5 months left. Fresh graduates can barely get 3k (it's in Ringgit mind you!)

Posted by stockraider > 2019-07-10 23:13 | Report Abuse

I like to correct your wrong perception especially in msia loh....!!

Msia

1}T40 consist of about 15% of the population loh...!!

2) M40 consist of about 40% of the population mah..!!

3) b40 consist of about 45% of the population loh..!!

Where got 95% income control by 5% of the population leh ??

'it could never ever stretch to the observed 5% rich and 95% poor workforce to an extent that this 95% poor is unable to afford even the BASIC CONSUMPTION needs (an average house , an average car, education, children etc).....
despite these younger generation are inheriting cumulative workdone by their predecessor citizens

such an extreme stretch of maldistribution (unevenness) in consumption capability (consumption power) within the same country can only be done...caused by:
the bullying capitalist'!

THE MAIN REASON FOR YOUR WRONG IMPRESSION ARE DUE TO THE COMPLAIN BY THOSE GREEDY WHO WANT TO BE RICH BUT NOT PUTTING IN THE NECESSARY EFFORT?

Thus giving u a wrong impression that business owner is exploiting but in fact they do not.
The business owner put their capital,entrepreneurial and management effort at risk, thus they need to be given fair return loh...!!

They can always move to another country loh...!!

The business owner is not exploiting, as they put in alot of tears, sweats and capital at risk try to promote & develop the country loh..!!

In addition they also paid alot of taxes mah...!!


Posted by stockraider > Jul 10, 2019 8:34 PM | Report Abuse X

Why those workers do not build & create wealth leh ??

This is mainly, Bcos of poor financial management loh....!!
Imagine a worker can make Rm 7000 a month but they over spend Rm 8000 month........how to build wealth leh ??

U need to save & save mah...like make Rm 7000, u spendlah Rm 5000 a month loh..!!

This means need to downgrade your immediate standard of living in order to build capital mah....!!

To build wealth, the paramount importance is not actually how much u make but how much u save mah.....!!

If read rich dad v poor dad book, this is what happening to the whole world loh..!

In order to be successful u need to breakout from your poor dad mentality and join the rich dad mentality and change our attitude to live loh..!!

Posted by Mr Jho Heavenly Petron & GCB & ECONBHD > 2019-07-10 23:25 | Report Abuse

You sure or not, you see the top management salary compared to those normal executives... Then you can clearly see the imbalanced distribution of wealth generation with regards to value creation of the employees already. You work 60 hours, I also work 60 hours, just because you worked longer or have better connections to get to the top then you deserve to be paid 100 times or even 1000 times more than a normal executive, this doesn't make a lot of sense to me. What I see is the wealth gap keeps on widening in Malaysia because of these greedy capitalist. That's not how a nation progresses, if you want to have advancement the government need to put in place policies that helps to narrow the wealth gap!

Posted by stockraider > 2019-07-10 23:41 | Report Abuse

If u do donkey work surely u does not deserve high pay, compare with some other guy who huge value add to the the enormous wealth creation of the company mah...!!

Posted by Mr Jho Heavenly Petron & GCB & ECONBHD > Jul 10, 2019 11:25 PM | Report Abuse

You sure or not, you see the top management salary compared to those normal executives... Then you can clearly see the imbalanced distribution of wealth generation with regards to value creation of the employees already. You work 60 hours, I also work 60 hours, just because you worked longer or have better connections to get to the top then you deserve to be paid 100 times or even 1000 times more than a normal executive, this doesn't make a lot of sense to me. What I see is the wealth gap keeps on widening in Malaysia because of these greedy capitalist. That's not how a nation progresses, if you want to have advancement the government need to put in place policies that helps to narrow the wealth gap!

Posted by Mr Jho Heavenly Petron & GCB & ECONBHD > 2019-07-10 23:45 | Report Abuse

then you are dead wrong, work in Australia do donkey jobs get paid $20/hour. In malaysia if you are a 'professional' can barely make RM10 per hour.

Posted by stockraider > 2019-07-10 23:48 | Report Abuse

Thats why australia economy not robust, like singapore loh...!!
Bcos misallocation of resources loh...!!



Posted by Mr Jho Heavenly Petron & GCB & ECONBHD > Jul 10, 2019 11:45 PM | Report Abuse

then you are dead wrong, work in Australia do donkey jobs get paid $20/hour. In malaysia if you are a 'professional' can barely make RM10 per hour.

Posted by stockraider > 2019-07-10 23:54 | Report Abuse

Remember if u work in australia, u can forget about of year end bonus and performance incentive loh...!!
U just rely on your fixed salary loh....!!

Bcos majority of the co think that, they have been over paying fixed overall salary to their staffs, thus bonus and performance incentive as reward is unheard of mah......!!

But not in spore & msia loh....!!

Posted by 7300 > 2019-07-14 22:13 | Report Abuse

another 3 yrs to down,2 years to sideway n 10 years to stabilised