Question 3 The Prime Minister of Malaysia, on 19t' March 2022, announced that the quantum of the national minimum wage w

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Question 3 The Prime Minister of Malaysia, on 19t' March 2022, announced that the quantum of the national minimum wage w

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Question 3
The Prime Minister of Malaysia, on 19t' March 2022, announcedthat the quantum of the national minimum wage would be increasedfrom RM1,200.00 to RM1,500.00 effective 1°t May 2022. The decisionto increase the national minimum wage has created a mixture ofresponses from the industry due to the current economic downturnand the company’s financial capabilities, but at the same time, itwill improve the staff's income. Explain TWO (2) positive impactsof the national minimum wage implementation on the employees andTWO (2) negative impacts of the national minimum wageimplementation on the employers.
(Total: 8 Marks)
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