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MariaSharpie

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PETALING JAYA: Degree holders are facing a double whammy as they stare at shrinking starting salaries coupled with a declining demand for high-skilled jobs.

Bank Negara, in its Annual Report 2018, revealed that real monthly salaries for fresh graduates holding a diploma or degree have dipped since 2010.

With the amounts adjusted for inflation, the starting pay for graduates with a basic degree was RM1,993 in 2010 whereas the amount dropped by RM10 to RM1,983 in 2018.

Those with a Master’s degree saw an even greater decline in their starting pay.

Their real minimum salary recorded was RM2,923 in 2010 while this figure dropped to RM2,707 in 2018.

The report, however, noted that the minimum wage has supported increases in the salaries of lower-skilled workers in recent years.

More at https://www.domainofexperts.com/2019/04/better-believe-itbecause-they-actually.html

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