I am pretty taken aback by the expansion of the Malaysian labor force in the past year or so. The rise has made me skeptical about the utility of the labor market numbers to ascertain the health of the economy. Whenever I look at it, I tell myself, wait until it normalizes. When? If you look at […]

An ageing population is a major economic problem to a number of developed countries. It is not ageing itself that is the issue or even slower economic growth. An aged society usually has an advanced and rich economy. Further economic growth does not mean much if the society is already extremely rich. The problem comes […]

I do not typically post news articles these days, but I think this news article is particularly relevant on one issue that I raised earlier. MALAYSIA is losing billions of ringgit in palm oil exports because there is not enough foreign workers to harvest fruit bunches in the oil palm fields. The Malaysian Palm Oil Board […]

One impact of minimum wage is the general increase in labor supply in the market. Let us be clear and not talk too generally or loosely. Precision is key. I think if you cannot be clear, then it is very likely that you do not understand or have not thought of the issue well enough. […]

(This is a really long reply and relatively technical. For summary in plain English, click here.) Let us begin with a real life conversation between friends of mine and a professor of economics. The professor highlighted how women were discriminated in a certain country and how that discrimination affected the labor market in a bad […]

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