One year on, PN still clueless on economic recovery, says Anwar

One year on, PN still clueless on economic recovery, says Anwar

The opposition leader says the administration has not come up with any sound plans to boost growth.

Anwar Ibrahim says graduates earning low salaries show the economy cannot produce ‘meaningful’ job opportunities.
PETALING JAYA:
Opposition leader Anwar Ibrahim says the Perikatan Nasional-led (PN) government has failed in its duty to draw up sustainable economic recovery plans since it came into power.

“After more than a year in power, PN has offered zero indication that it has the interest or ability to execute plans to reverse the negative trend … in our economy,” he said in a video on Facebook today.

Anwar also said the low economic growth had affected the job prospects and wages of fresh graduates, as shown in a recent higher education ministry survey.

“I’m concerned that more Malaysian graduates are earning between RM1,100 and RM1,500 than at any time in the last 10 years.

“The report shows that 70% of graduates in 2020 who were able to find employment (entered) the workforce with wages that are below or very near the revised poverty line,” he said.

Anwar said the low salaries earned by graduates was a long-standing issue not caused entirely by the Covid-19 pandemic.

He said the survey was “definitive proof” that Malaysia’s economy could not produce meaningful job opportunities for graduates unless the government decided to undertake structural reform.

These included greater transparency in the public procurement system, reforms in government-linked companies, and increased access to quality education throughout the country.

“The absence of these reforms under the PN government has caused an exodus of high-value businesses in Malaysia,” he said.

Anwar said investors and businesses shying away from the country would cause a greater brain drain that would cripple the economy even further.

“I call on the PN government to convene Parliament so that the prospect of Malaysian graduates can be discussed and debated, and not left to the decision-making of an unelected government,” he said.

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