Why wages must go up: the Low-Wage Economic Model

written by: Thulasidasan Jeewaratina, Workers Bureau, Parti Sosialis Malaysia (PSM) Malaysia’s “subdued wage outcomes” are not an immutable feature of the economic order. Rather, they represent the conscious choice of an exploitative economic model which depends on the systematic underpayment of labour. Bank Negara Malaysia (BNM) points towards two trends since 2018 which accumulate towards this:…