The unemployment rate for 18-24 year olds in the UK has risen to 5.1%, significantly affecting young workers. This trend is mirrored in Singapore and Malaysia, where youth unemployment and underemployment persist amid a challenging labor market. The discussion emphasizes the increasing difficulties faced by those without qualifications in the job market.
The article discusses the disconnect between low inflation rates and financial security. It highlights how stagnant wages, influenced by market competition and job duplicability, can erode purchasing power, particularly for lower-income groups. It emphasizes the importance of diversifying skills to enhance career value and achieve financial mastery through earning, saving, and investing.
Digital job salaries in Malaysia are projected to increase by 10.81 percent in 2026, building on a 9.5 percent rise in 2025. This trend reflects strong demand for specialists in technology fields, boosting incomes and economic growth. Continuous adaptation and skill development are essential for professionals to thrive in a changing job market.
If a country has full employment, it could mean that it’s harder to find employees, thus maybe the salary offer could be higher? Maybe the offer and the increment can be a different thing. Offering a higher salary does not mean increment has to be very high too because increment is always based on the next financial years’ expectation of the person’s contribution. This seems to be the case. Do read on:
My daughter and son are both into online games. They play 2 hours a day because their mother aka my wife does not allow them to play indiscriminately. Perhaps I should show her this article about teenagers winning RM1.24 million in esports? I know her reply. “How many out of all the hundreds or thousands or even tens of thousands who are playing are able to achieve this level?”
As much as employees are no longer having that loyalty to work for the same company from the day they started till the day they retire, employers are no longer offering employment till the day we retire too. One day it could be hiring and the next day it could be firing. From being treated as someone valuable to the team to someone who’s just an extra and thus some streamlining needs to happen and thus we are asked to leave and we need to now look for another job.
Personal Finance 101: 5 signs we are overpaid (even if we think we are underpaid)
Someone pointed out to me that if they study and complete a degree, their starting pay may be just RM2,500. Maybe lower if the company somehow believes that they can still get great people by paying lower and maybe higher if the company has good margins and wants to attract quality applicants to propel the business growth higher.
Every now and then some of my friends would tell me that their employers are treating them badly. Chief reason is the employer does not wish to pay them good salaries. When I asked them why are they still working there if they feel that the employer is not treating them right? Some said they are still happy there, some say they could not find another role giving them the pay want and some say that other potential employers are also offering a similar pay and thus not worth for them to resign.
Would you like to know which industry or which role has a huge shortage? Rule of economics, when there is a shortage of supply, prices would go up because there are just not enough and thus the supply would go to the part who is willing to pay highest first. Thus, when there is a shortage of talents for one particular industry, it’s likely that the people working in this industry will be paid higher than others and thus, it is attractive to enter. Which one is that? Read on.
Seriously, is there a need to feel ashamed with the job we do? Did we cheat? Did we rob? Did we steal? I know of SO MANY people who cheat people… rob people of opportunities… steal the work of others and pretend as their own. These people were not ashamed yeah. They are even proudly showing off the gains from all these unscrupulous ways.
Well, many companies will lose their best freshly joined engineering graduate to the company which is offering RM5,000 – RM6,000 yeah. Then again, not everyone would fit into the requirements for the RM5,000 – RM6,000 role. Usually, these roles would be in research and development because the result from their work could be used to help the company earn a lot more money. This is different from a quality engineer who is focused on cost efficiency. Savings is great but earning a higher profit is the only way one will have a higher pay yeah.