Wage growth trailing productivity, BNM deputy governor urges review of wage‑setting system

BNM deputy governor Datuk Marzunisham Omar said statistically, Malaysia still does not have sufficient high-skilled jobs.

“If you look at it, our (high-skilled) underemployment rate is still high, about 35-36 per cent. Meaning that 35-36 per cent of our workers are working in jobs that require less qualifications than what they already have at the moment,” he said at a plenary session titled “The Future of Investment: Competing in A Fragmented World’ at the two-day BNM’s Sasana Symposium 2026 (SS2026) here today.

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