KUALA LUMPUR, March 24 (Bernama) - The Ministry of Human Resources (KSM) is deliberating on the detailed mechanism and methods for the implementation of the minimum wage of RM1,500 per month policy, the Dewan Negara was told today. Deputy Human Resource Minister, Datuk Awang Hashim said details of the methods which would take into account the interests of all parties would be tabled at the next Cabinet meeting. The ministry has also drawn up strategies and action plans to ensure that the implementation of the minimum wage policy can help the people to meet basic needs," he said when winding up the debate on the motion of thanks on the Royal Address for his ministry, at the Dewan Negara sitting, here, today. Source: BERNAMA - KSM deliberating on methods for implementation of minimum wage Required: a. Discuss the effect of the increase in the minimum wages towards output using an appropriate diagram. b. As a Top Glove manufacturing manager, do you agree with the minimum wage implementation as a whole? Justify your arguments on how it affects the productivity and GDP.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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KUALA LUMPUR, March 24 (Bernama) -- The Ministry of Human Resources (KSM) is
deliberating on the detailed mechanism and methods for the implementation of the minimum
wage of RM1,500 per month policy, the Dewan Negara was told today.
Deputy Human Resource Minister, Datuk Awang Hashim said details of the methods which
would take into account the interests of all parties would be tabled at the next Cabinet
meeting.
The ministry has also drawn up strategies and action plans to ensure that the
implementation of the minimum wage policy can help the people to meet basic needs," he
said when winding up the debate on the motion of thanks on the Royal Address for
his ministry, at the Dewan Negara sitting, here, today.
Source: BERNAMA - KSM deliberating on methods for implementation of minimum wage
Required:
a. Discuss the effect of the increase in the minimum wages towards output using an
appropriate diagram.
b. As a Top Glove manufacturing manager, do you agree with the minimum wage
implementation as a whole? Justify your arguments on how it affects the productivity and
GDP.
Transcribed Image Text:Question 2 KUALA LUMPUR, March 24 (Bernama) -- The Ministry of Human Resources (KSM) is deliberating on the detailed mechanism and methods for the implementation of the minimum wage of RM1,500 per month policy, the Dewan Negara was told today. Deputy Human Resource Minister, Datuk Awang Hashim said details of the methods which would take into account the interests of all parties would be tabled at the next Cabinet meeting. The ministry has also drawn up strategies and action plans to ensure that the implementation of the minimum wage policy can help the people to meet basic needs," he said when winding up the debate on the motion of thanks on the Royal Address for his ministry, at the Dewan Negara sitting, here, today. Source: BERNAMA - KSM deliberating on methods for implementation of minimum wage Required: a. Discuss the effect of the increase in the minimum wages towards output using an appropriate diagram. b. As a Top Glove manufacturing manager, do you agree with the minimum wage implementation as a whole? Justify your arguments on how it affects the productivity and GDP.
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