Minimum Salary In Malaysia 2018
Meanwhile a masters degree holder earned a real salary of rm2 707 in 2018 also a.
Minimum salary in malaysia 2018. Living wage series malaysia january 2018 in malaysian ringgit per month living wages wages in context malaysia the living wage is based on the concept that work should provide an adequate income to cover the necessary living costs of a family. Rm1000 per month or rm4 81 per hour on the peninsula and rm920 per month or rm4 42 per hour for the states of sabah sarawak and labuan. Minimum wages in malaysia averaged 1000 myr month from 2013 until 2020 reaching an all time high of 1200 myr month in 2020 and a record low of 900 myr month in 2014.
The current minimum monthly wage is rm1000 in peninsula malaysia and between rm 800 to 900 in sabah and sarawak. Before evaluating if minimum wage should be set according to bnm s living wage there are a few flaws in the article that needs to be pointed out. Minimum wages in malaysia increased to 1200 myr month in 2020 from 1100 myr month in 2019.
A fresh graduate with a diploma earned a real salary of rm1 376 us 337 in 2018 a drop from rm1 458 in 2010. Malaysia will have a uniformed minimum wage of rm1 050 per month or rm5 05 per hour starting next year. Most countries have a nation wide minimum wage that all workers must be paid.
The minimum wages order amendment 2018 came into effect on jan 1 2019 providing for a minimum wage set at rm1 100 per month or at rm5 29 per hour for workers paid at the hourly rate. Malaysia s minimum wage is the lowest amount a worker can be legally paid for his work. Kuala lumpur dec 18.
Described 2018 as a bad year for. The human resources ministry will announce a new minimum wage in 2018 to bridge the income gap between peninsular malaysia and east malaysia.
