Based on World Inequality Database, Malaysia's B50's wealth has remained stagnant over the decades.
Despite numerous policies by the Malaysian government over the past few decades to help the bottom income earners, the B50s are still getting a small slice of the pie.
WHY?
Because T10 earns almost 12x more than your B50 group. How can the B50 ever catch up? Their share of the pie has remained stagnant over the years.
Which begs the question - who actually benefits from all the policies of the past decades?
Look at the income disparity.
T10 takes home the bigger chunk of the pie - 40.3% vs B50's 17.3%!
Imagine a project worth RM100K. If you're in the B50, too bad you will only get RM17.3K but the upper echelons will get RM40.3K.
🤯
Being a woman in Malaysia is tough as well. Despite making up almost 40% of the labour workforce in Malaysia, they only earned 27.5% of the income.
Where did the 12.5% go? To the males.
What can i-Sayang do? Reduce it to 10.5% (quick math!) but Malaysia needs to do better.
On a more optimistic note, Malaysians have seen an increase in wealth and income over the past decades.
The country is doing certain things right as we have been a productive nation after all!
Kudos. Give yourself a pat on the back.
Go ahead and play around with the parameters!
wid.world/country/malays…
dosm.gov.my/v1/index.php?r…
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