Sunday, April 21, 2013

Which Party Has the Formula to Create Jobs in Line with Malaysia's Rate of Development?

Both BN and Pakatan promise to create jobs. But who would do better at this vital task? The differences in how the two coalitions would promote job growth are telling.
Barisan promises to continue the formula that has succeeded for decades, with modifications as needed. BN has committed to producing 3.3 million jobs over the next administration, of which 2 million will be in high-income sectors. To accomplish this, BN would promote the formation of small and medium business enterprises and their development through targeted loan programmes, divestment of Government-Linked Companies, and public-private partnerships and microloans.
BN also promises programmes aimed at fostering entrepreneurship, including micro-loans for mainly women small-scale entrepreneurs, lines of credit for hawkers and licensees, and entrepreneurial opportunities for youth.
Philosophically, BN is committed to helping the private sector produce lucrative jobs and raising living standards and income for all income levels. Where the private sector needs aid to step ahead, it is provided; otherwise, the Government exists to help the poor and weak, and allows a flourishing economy to grow.
Pakatan Rakyat promises to generate one million more jobs during its administration – but what this apparently means is that it will redistribute them. The specifics of how it will accomplish one million new jobs are absent in its manifesto. Instead, there is a broad declaration that "job opportunities will prioritise locals, to reduce dependence on foreign labour", and a promise to force one million foreign workers out of low-skill, low-paying jobs in "plantations, the construction sector and the service industry" to be replaced by as many Malaysians.
Pakatan is not promising to help the economy grow. They are promising to channel the rakyat from entering high-skilled, high-income professions toward dangerous, low-skilled occupations, presumably because they would create no new high income jobs.
To compensate for the fact that the Opposition pact would drive Malaysians into these jobs (and away from more lucrative ones), Pakatan promises stipends from the Government to make up the difference in wages.
Experts indicate that displacing those foreign workers will have negative effects on the economy and foreign direct investment, which in turn means fewer high-paying jobs for Malaysians. Pakatan does not address this, nor any other substantive concern, in its manifesto.
Pakatan's philosophy is apparently that Malaysia has grown to its limits, and it is time to displace productive foreign workers and redistribute their jobs, using Government funds to compensate for the low wages of those jobs.
Meanwhile, BN is offering a tried-and-true formula of private sector growth with limited government support, fostering a growing middle class and entrepreneurs who will employ hundreds of thousands more, producing more than 3 million new jobs. Pakatan is offering a perverse form of socialism that promises only that more Malaysians will work in lower-paying jobs, and no new higher-paying jobs will appear.
The choice appears to be to vote BN for growth, higher incomes, and better jobs; or vote Pakatan, and sabotage the economy in order to work in low-paying jobs.
Put that way, the choice seems obvious.

1 comment:

Anonymous said...

Hari pertama kita lihat usaha untuk menghilangkan jatidiri Yayasan Selangor, semua tahu Pakatan adalah kumpulan perompak!!!!!