Because Dr M, on his blog ( chedet.cc/blog/?p=712 ), does not understand the economics of minimum pay, and the proverb "If you pay peanuts you get monkeys", I take it upon myself to educate him and his UMNO Baru before he kicks the bucket.
1) Dr M said :
1.
We all would like to see Malaysia become a high-income country.
However we must also be concerned about our competitiveness. Increasing
incomes must raise the cost of production unless there is a
corresponding increase in productivity.
Pak Yeh says:
Everybody wants a high income. But you give high income only to to cronies with monopolies, while the workers are given monkey's pay, that is considered below slavery standards.
Hence most Malaysian workers migrate to get a decent mans wage, and Indonesians,Banglas come here to get "monkey's pay".
Hence most Malaysian workers migrate to get a decent mans wage, and Indonesians,Banglas come here to get "monkey's pay".
Competitiveness depends on high pay to workers too.
Learn from the proverb,."If you pay peanuts,you get monkeys".
If you pay peanuts, all good workers will finally run away to your competitor.
2)Dr M said :
2. But already we are having far too many holidays. To the 52
Sundays, have been added, 52 Saturdays. We now have holidays for the
holy days of all religions, however small the followers. We now
automatically replace any holiday which falls on Sunday or Saturday with
another day of holiday. When we work a lesser number of days our
productivity must decrease. So it will not be easy to increase
productivity with the increase in minimum wages which will trigger pay
increases throughout, so as to maintain the parity between the different
grades of the employees. Working during holidays will also cost more.
So will contribution to EPF and rates of pensions.
Pak Yeh says :
Holidays are higher quality of life.
A higher quality of life gives greater work performance and higher productivity.
How come you dont know anything about Total Quality Management.??? Let me be your consultant.!!!
3) Dr M said:
3.Between higher pay and shorter working hours, plus all the other costs, the cost of production of goods and services must increase considerably.
Pak Yeh says :
Yes. But you can reduce the Director's pay and reduce exhorbitant profits. You can even increase workers pay by giving profit sharing and bonus. That is how Cina does it. Look east man.! Just like you said it.!
4) Dr M said :
4.Once, during the Government of a previous Prime Minister, a 25% salary increase was given to Government servants. There is no evidence that Government revenue had increased by 25%. The normal increase is about 10%. What this means is that the increase in operation costs due to the 25% salary increases have to be met through reduction of allocation for development. Reducing needed development is not going to be good for a rapidly developing nation.
Pak Yeh says :
Who is this previous Prime Minister.?
All Prime Ministers before you never mismanaged the economy.
Only you Dr Mahathir mismanaged the economy,
Proof.. Ringgit devaluation by 150% based on original dollar to dollar rate to Singapore and Brunei. ie RM 300 is now only RM100 in real value and of S100 Singapore dollar.
Increase in pay can be offset by increasing price of good/exports.
Why you dont understand pricing in economics.???
5)Dr M said :
5. The West today is in great financial trouble with at least one
country going bankrupt. The reason is simple. The West has been
overpaying their people. High wages and salaries, huge bonuses and
numerous costly benefits such as unemployment pay gave the developed
West an appearance of prosperity. But their profligate ways is not
sustainable.Pak Yeh says :
Holidays are higher quality of life.
A higher quality of life gives greater work performance and higher productivity.
How come you dont know anything about Total Quality Management.??? Let me be your consultant.!!!
3) Dr M said:
3.Between higher pay and shorter working hours, plus all the other costs, the cost of production of goods and services must increase considerably.
Pak Yeh says :
Yes. But you can reduce the Director's pay and reduce exhorbitant profits. You can even increase workers pay by giving profit sharing and bonus. That is how Cina does it. Look east man.! Just like you said it.!
4) Dr M said :
4.Once, during the Government of a previous Prime Minister, a 25% salary increase was given to Government servants. There is no evidence that Government revenue had increased by 25%. The normal increase is about 10%. What this means is that the increase in operation costs due to the 25% salary increases have to be met through reduction of allocation for development. Reducing needed development is not going to be good for a rapidly developing nation.
Pak Yeh says :
Who is this previous Prime Minister.?
All Prime Ministers before you never mismanaged the economy.
Only you Dr Mahathir mismanaged the economy,
Proof.. Ringgit devaluation by 150% based on original dollar to dollar rate to Singapore and Brunei. ie RM 300 is now only RM100 in real value and of S100 Singapore dollar.
Increase in pay can be offset by increasing price of good/exports.
Why you dont understand pricing in economics.???
5)Dr M said :
Pak Yeh says :
The west is doing fine.
The reason why some western countries go bankrupt is because their Prime Ministers have plenty of scandals/corruption. They pay their cronies maximum pay/high wages, like you do. That is why they go bankrupt. It is not because of minmum pay lah.
If it is because of minimum pay, how is it all advanced and Super Powers give not only minimum pay but dole/social security.
What.??? You no read world economy ka.???
6) Dr M said :
6. Faced with competition from eastern countries, they lost their markets. For a time they benefitted from the financial markets. But the financial market is about gambling. And as happens with all gamblers, they must lose eventually. And that plunged them into this intractable financial crisis.
Pak Yeh says:
There is no competition if you can ban or impose taxes on imports, or if you produce higher quality goods.
About gambling in financial, like you did loosing RM30 billion of Bank Negaras money,.. That is haram.!!!
When are you going to pay back the RM30 billion.???
If you dont pay, you definitely will go into hellfire.!!!.
Please learn more about economic policies.Dont just listen to Capitalist economist. Learn from Communist economist too.
7)Dr M said :
7. This is what happens when wages and compensations for work are not accompanied by increases in productivity. I fear Malaysia may be heading this way if we pay more for less work, as we are doing now.
Pak Yeh says :
Aiiiyaaah.!!!
Why pay more for less work.???
Is that the UMNO/BN gomen's moto.???
Pay more for more and quality work, by giving quality pay.!!!
You must learn Total Quality Management.!!!
The Japanese are the best at this.I learned from them too.
You must also learn about Socialist/Communist economics too.
No nation can be totally indeperdent/merdeka without implementing Socialist/Communist economics.
Tun Razak understood this.
Tun Abdul Razak did look east/learn from the Mao Tze Tung of Cina.
You (Dr M) just talk of "look east", but you are always looking west, at Mageret Thacher's boobs, probably.
I hope you have learned something from this debate.
Note : Your economics is kantoi/a failure/short term planning.. Malaysia was bankrupted by your Bank Negara forex gambling and overspending on KLCC/mega jobs..!!! Your "extreme Capitalist economics" is short term.ballon/inflation economics and zalim/cruel to workers and is bound to fail.!!!
That is why the ringgit is 1/3 of Singapore dollar. Shame on you Dr M,.. loosing to handicapped Singapore who has no oil,timber,kelapa sawit and even water.
That is the reason why we must have a change in government or a revolution.
May Allah make you (Dr Mahathir Mohammad and UMNO/BN) see the truth and make you "taubat for your sins".!!!
