Saturday , 27th May, 2017
Home / Blindspot / Malaysia is No 11 in the World Spending for Foreign Workers
Foreign Workers Spending

Malaysia is No 11 in the World Spending for Foreign Workers

MALAYSIA’s FOREIGN WORKERS SALARY

We are number 11 out of 170 nations in the world!
Current total Malaysian workforce is at 12.7 million. We are spending USD 6.5 Billion = RM20 Billion / annually for these workers and they will repatriate a portion of this money back home.
Malaysia needs foreign labour to fill in gaps but do we risk lowering market wage rates for Malaysians, social illnesses, and large outflow of funds in remittances?

Foreign Workers Spending

MALAYSIA’s WORKFORCE BREAKDOWN
Current total Malaysian workforce is at 12.7 million. Of this 16% are made up of legal foreign workers at ~ 2 million. Forecasted total workforce in 2020 is 16 million in total with 4 million legal foreign workers
Question: Influx of foreign workers. What are the implications of a foreign labour dependent economy?

Foreign Workers Breakdown

Malaysia needs foreign labour to fill in gaps but do we risk lowering market wage rates for Malaysians, social illnesses, and large outflow of funds in remittances?

8,536 total views, 1 views today

Share!

    Check Also

    Asia Inequality Index Comparison 1990-2011

    Asia: Income Inequality by Gini Index 1970-1989 and 1990-2011

    Malaysia’s Gini Index did not move at all in 20 years. Malaysia is the 3rd …