Back in the 1980s, a fresh graduate in Malaysia could afford a car within months and a house within years. Today, many are stuck with stagnant salaries and rising living costs. Former Bank Negara governor Tan Sri Muhammad Ibrahim warns that real wages have eroded threefold over four decades, suggesting graduates today should be earning RM7,000–RM8,000—not RM3,000.
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Ex-Bank Negara Chief: Fresh Grads Should Be Earning RM7K–RM8K Today
He blames Malaysia’s overreliance on low-skilled foreign labour and failure to create high-value jobs. This structural weakness is driving talent abroad, shrinking the middle class, and increasing inequality. He urges the country to stop focusing on GDP and reform its economic framework now.
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