fbpx
Connect with us

Social Stories

Study: Food Prices In Malaysia Increased By 6.35%, Yet Minimum Wage Is Still The Same

Published

on

My Post 2021 01 18T174732.679
Source: The Edge Markets & Ringgit Plus

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

One of the reasons why young Malaysians are becoming more and more jaded is because it’s becoming increasingly harder to survive.

Prices of goods such as groceries and essentials are constantly on the rise, and while minimum wage was slightly raised in 2019 and 2020, it still doesn’t feel like enough.

My Picodi took to their website to share how the prices of food in Malaysia has increased by 6.35 per cent (rounded off to 6.4 per cent) as compared to 2020, yet, minimum wage has remained unchanged, in a report called, ‘Minimum wage around the world: how the pandemic has impacted the least paid workers’.

 

Groceries

To prove this, they created a virtual grocery basket, stocked with items such as milk, vegetables, meat, eggs, fruits, bread, rice, and cheese sufficient for the minimal nutritional needs of an adult per month.

Wage 1

The groceries in the basket costs RM365.70 as compared to last year, where the same items would have cost RM343.87, marking a 6.35 per cent increase in cost in 2021.

 

Food to salary ratio

Hence, with that comparison, food alone now takes up a good 34.5% of Malaysian minimum wage. Meanwhile, in the UK, it only takes up 7% of the minimum wage and 9% of the minimum wage in Germany.

Wage 2

They also noted that there are countries where the minimum wage cannot even cover the cost of groceries in a month, namely Nigeria and Uzbekistan.

But with that being said, it’s only fair that minimum wage increases along with the skyrocketing prices of food. After all, there’s nothing luxurious about fulfilling one’s fundamental nutritional needs, it’s a basic need.

How is the younger generation supposed to feel motivated to work when minimum wage can barely cover the cost of living? If we keep going down this road, sooner or later, having a job won’t even sustain our survival anymore.

And don’t even get us started on the price of having a roof above your head.

What do you think about this? Let us know in the comment section.

 

Also read: More and More Young Malaysians 25-Years-Old and Below Are Filing For Bankruptcy, Says Expert

My Post 8

Source: Picodi
Source: Picodi


Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

Images Images
News11 hours ago

Annoyed By Baby’s Cries, Sabah Man Flees After Beating 1yo & Threatening To Hang Wife

A 27-year-old man from Sabah allegedly beat his one-year-old child and threatened to hang his own wife after he was...

Poss Poss
News13 hours ago

Selangor Man Charged For Possessing 58 Pieces Of Women’s Clothing, Pleads Not Guilty

A 23-year-old man was charged in the Magistrate’s Court today (18 June) for the possession of 58 pieces of women’s...

Shipping Ft Shipping Ft
News1 day ago

Prices Of Toys, Coffee & Furniture May Rise Due To Outrageous Shipping Costs

Who doesn’t love online shopping? With Covid-19 not showing any signs of slowing down, lockdown online shopping has become a...

Ear Ft Ear Ft
News1 day ago

Young People In China Are Getting ‘Elf Ear’ Procedures To Look Thinner & Slimmer

Ever wondered what it’s like to have pointy elf-like ears like Spock from Star Trek?  Well, pointy ears are now...

Pjimage 62 1 Pjimage 62 1
News1 day ago

KJ: Walk-Ins For Vaccinations Allowed Once Registered Individuals Receive Their Vaccines

PPV vaccination centres across the country will be open their doors to those who want to get vaccinated on a...

Ascscascc Ascscascc
News1 day ago

JB Man Pleads Not Guilty For Beating Pregnant Wife Until She Went Into A Coma

A 38-year-old man pleaded not guilty at the Johor Bahru Sessions Court today (17 June) for beating his pregnant wife...

Pjimage 2021 06 17T125552.994 1 Pjimage 2021 06 17T125552.994 1
News2 days ago

“Better to have a phone than nothing” Says Perak MB After Backlash On Phones Given To B40 Students

With online learning still being the norm, the Perak government is in the midst of giving smartphones to students from...

Stabbed Ft Stabbed Ft
News2 days ago

Lorry Driver Allegedly Tries To Stop Neighbour From Abusing Wife, Ends Up Getting Stabbed

On 14 June, a lorry driver was stabbed to death by his friend after a drinking session at the Taman...

Announcement

Latest Videos



TRENDING TODAY