7/25/2019 Tutorial 2 Makro

1/13

GROUP 1

UNEMPLOYMENT PROBLEMS:

The two key problems resulting rom unemployment o resour!es" espe!i#lly theunemployment o l#bor" #re person#l h#r$ships #n$ lost pro$u!tion% The owners o the

unemploye$ resour!es suer person#l h#r$ships $ue to the l#!k o in!ome% The rest o so!iety#lso suers rom unemployment $ue to the l#!k o #il#ble pro$u!tion%

The unemploymento resour!es" espe!i#lly l#bor" is one o the more import#nt m#!roe!onomi!issues #!ing e!onomists #n$ go&ernment le#$ers% The other m#!roe!onomi! issue with thes#me st#tus is inl#tion% 'on!erns o&er unemployment th#t emerge$ $uring the (re#t)epression o the *+,-s w#s l#rgely responsible or $e&eloping the mo$ern stu$y om#!roe!onomi!s%

The $est#ting e!onomi! !on$itions o the *+,-s" whi!h #t its $epth s#w one out o ourworkers unemploye$" brought to the oreront the problems o unemployment #n$ in$u!e$e!onomists to $e&elop theories to e.pl#in the unemployment #n$ to suggest !orre!ti&e

poli!ies% The re#son th#t e!onomists #n$ poli!y m#kers h#&e been #n$ !ontinue to be so!on!erne$ with unemployment stem rom two key problems: person#l h#r$ships #n$

lost pro$u!tion%

Person#l /#r$ships

Unemployment !re#tes person#l h#r$ships or the owners o the unemploye$ resour!es% 0hen

resour!es $o not pro$u!e goo$s" their owners $o not e#rn in!ome% The loss o in!ome resultsin less !onsumption#n$ # lower li&ing st#n$#r$% 0hile this problem #pplies to #ny resour!e" itis most import#nt or l#bor% The owners o !#pit#l" l#n$" #n$ entrepreneurshipoten e#rn

in!ome rom more th#n one resour!e% Thus # loss o in!ome rom one resour!e is not # tot#lloss o in!ome% M#ny workers" howe&er" oten e#rn in!ome only rom l#bor% The loss o in!omerom l#bor might me#n # tot#l loss o in!ome%

M#ny go&ernment progr#ms #n$ poli!ies $e&elope$ sin!e the (re#t )epression h#&e been$esigne$ e.pli!itly to #$$ress person#l h#r$ships% One o the most note$ progr#ms is

unemployment !ompens#tion" whi!h is spe!ii!#lly $esigne$ to relie&e person#l h#r$ships bypro&i$ing workers with # sour!e o in!ome when they #re unemploye$% 0hile other tr#nser

p#yments 1wel#re #n$ So!i#l Se!urity2 #re prim#rily $esigne$ to #$$ress other problems" they#lso pro&i$e # sour!e o in!ome to the unemploye$%

The person#l h#r$ships suere$ by the unemploye$ #re o !on!ern to go&ernment le#$ers or

re#sons th#t #re both in the !ommon goo$ #n$ somewh#t more selish%

3n terms o the !ommon goo$" the unemploye$ #re members o so!iety 4ust like

e&eryone else #n$ $eser&e the opportunities to en4oy the ruits o # pro$u!ti&e

e!onomy% 5n #luent so!iety 6shoul$6 be #ble to pro&i$e or e&eryone% 3n #$$ition"so!i#l problems th#t !#use person#l h#r$ships to other members o so!iety ten$ to

in!re#se with the person#l h#r$ships o the unemploye$" in!lu$ing !rime" $i&or!e"sui!i$es" et!%

(o&ernment le#$ers #re #lso !on!erne$ with the person#l h#r$ships o the unemploye$

or more selish re#sons% 0hen the &oting publi! is unh#ppy" they ten$ to ele!t newle#$ers #n$ toss the ol$ ones out o oi!e% There #re ew things th#t &oters like less

th#n suering the person#l h#r$ships th#t !ome with unemployment% Presi$enti#lele!tions h#&e been $e!i$e$ on # ew million &otes% 5 typi!#l business7

http://pop_dsp%28%27pop_gls.pl/?k=unemployment%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=resources%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=labor%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=economist%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=government%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=inflation%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=Great%20Depression%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=Great%20Depression%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=macroeconomics%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=production%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=income%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=consumption%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=living%20standard%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=capital%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=land%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=entrepreneurship%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=Social%20Security%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=resources%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=labor%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=economist%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=government%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=inflation%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=Great%20Depression%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=Great%20Depression%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=macroeconomics%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=production%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=income%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=consumption%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=living%20standard%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=capital%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=land%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=entrepreneurship%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=Social%20Security%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=unemployment%27,500,400)

7/25/2019 Tutorial 2 Makro

2/13

!y!le !ontr#!tion!#n #$$ our to i&e million workers to the r#nks o the unemploye$"enough &otes to !h#nge the 6employment6 st#tus o #ny in!umbent Presi$ent seekingre7ele!tion%

8uestion:

*2 0h#t is the unemployment situ#tion in M#l#ysi#9 5n#lysie

;2 0h#t is the ee!t o Unemployment to the !ountry9

,2 /ow $i$ go&ernment sol&e this issue9

http://pop_dsp%28%27pop_gls.pl/?k=contraction%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=contraction%27,500,400)

7/25/2019 Tutorial 2 Makro

3/13

GROUP 2

UNEMPLOYMENT PROBLEMS:

The two key problems resulting rom unemployment o resour!es" espe!i#lly theunemployment o l#bor" #re person#l h#r$ships #n$ lost pro$u!tion% The owners o theunemploye$ resour!es suer person#l h#r$ships $ue to the l#!k o in!ome% The rest o so!iety#lso suers rom unemployment $ue to the l#!k o #il#ble pro$u!tion%

The unemploymento resour!es" espe!i#lly l#bor" is one o the more import#nt m#!roe!onomi!issues #!ing e!onomists #n$ go&ernment le#$ers% The other m#!roe!onomi! issue with the

s#me st#tus is inl#tion% 'on!erns o&er unemployment th#t emerge$ $uring the the *+,-sw#s l#rgely responsible or $e&eloping the mo$ern stu$y o m#!roe!onomi!s%

The $est#ting e!onomi! !on$itions o the *+,-s" whi!h #t its $epth s#w one out o our

workers unemploye$" brought to the oreront the problems o unemployment #n$ in$u!e$e!onomists to $e&elop theories to e.pl#in the unemployment #n$ to suggest !orre!ti&epoli!ies% The re#son th#t e!onomists #n$ poli!y m#kers h#&e been #n$ !ontinue to be so!on!erne$ with unemployment stem rom two key problems: person#l h#r$ships #n$lost pro$u!tion%

Lost Pro$u!tion

Unemployment #lso !#uses tot#l pro$u!tion in the e!onomy to $e!line% 3 ewer resour!es #reeng#ge$ in pro$u!tion" ewer goo$s #n$ ser&i!es #re pro$u!e$% 5s suggeste$ by the !ir!ul#r

lowmo$el" the se&erity o the !onne!tion between lost pro$u!tion #n$ unemployment ism#gniie$ by the multiplieree!t% 5n initi#l $e!line in the in!ome" !onsumption" #n$ pro$u!tion

#sso!i#te$ with unemployment triggers urther $e!lines in in!ome" !onsumption" #n$pro$u!tion% 5s su!h" members o so!iety" who might es!#pe the $ire!t imme$i#te person#l

h#r$ships o unemployment" oten su!!umb to the in$ire!t" multipli!#ti&e problems o lostpro$u!tion% Number7!run!hing e!onomists h#&e estim#te$ th#t or e#!h * per!ent rise inthe unemployment r#te" th#t gross $omesti! pro$u!t$e!lines by , per!ent%

Lost pro$u!tion is espe!i#lly troublesome be!#use it is #n opportunity th#t is lost ore&er% Thislost pro$u!tion $el#ys so!iety

7/25/2019 Tutorial 2 Makro

4/13

3) Eplain how the !s"al poli"y and monetary poli"y will help government to this

issue?

GROUP 3

3N=L5T3ON:

5 persistent in!re#se in the #&er#ge pri!e le&el in the e!onomy% 3t is me#sure$ by the inl#tionr#te" the #nnu#l per!ent#ge !h#nge in # pri!e in$e. su!h #s the 'onsumer Pri!e 3n$e. 1'P32 or

()P pri!e $el#tor% 3nl#tion is the most !ommon phenomenon #sso!i#te$ with the pri!e le&el%Two rel#te$ phenomen# #re $el#tion" # $e!re#se in the pri!e le&el" #n$ $isinl#tion" # $e!re#sein the inl#tion r#te% 3nl#tion is one o two key m#!roe!onomi! problems% The other isunemployment%

3nl#tion o!!urs when the 5>ER5(E pri!e le&el1th#t is" pri!es in gener#l2 in!re#ses o&er time%This $oes NOT me#n th#t 5LL pri!es in!re#se the s#me" nor th#t 5LL pri!es ne!ess#rilyin!re#se% Some pri!es might in!re#se # lot" others # little" #n$ still other pri!es $e!re#se or

rem#in un!h#nge$% 3nl#tion results when the 5>ER5(E o these #ssorte$ pri!es ollows #nupw#r$ tren$%

0hile short7term bouts o inl#tion !#n be triggere$ by #nything th#t woul$ !#use #ggreg#te

$em#n$to in!re#se more th#n #ggreg#te supply" long7term inl#tion !#n be sust#ine$ ONLYthrough in!re#ses in the money supply% The pri!e le&el" #n$ #ny 6inl#tion6 o the pri!e le&el"

$epen$s $ire!tly on the #mount o money in !ir!ul#tion% On the lip si$e o this rel#tionship"inl#tion le#$s to # !ontinu#l erosion in the pur!h#sing powero money%

0hy Stu$y9

3nl#tion is # key m#!roe!onomi! issue th#t h#s been #t the oreront o mo$ern

m#!roe!onomi! #n#lysis sin!e the st#gl#tion7$omin#te$ *+?-s% The une.pe!te$ly high

inl#tion r#tes $uring this $e!#$e or!e$ e!onomists #n$ poli!y7m#kers to re7elu#te the

!#uses #n$ !onse@uen!es o inl#tion% 'urt#iling inl#tion be!#me then" #n$ rem#ins now" #

prim#ry go#l o m#!roe!onomi! st#bili#tion poli!ies% 3n #!t" it is T/E go#l o monet#ry

poli!yby the =e$er#l Reser&e System%

8uestion:

*2 0h#t is the !urrent inl#tion situ#tion in M#l#ysi#9

;2 0h#t is the ee!t to the n#tion9

,2 /ow $i$ the go&ernment o&er!ome this problem9

Rel#te your stu$y on the go&ernment poli!y th#t is is!#l poli!y #n$ monet#ry poli!y to

O&er !ome the problem9 5n$ #lso look on go&ernment pri!e inter&ention to sol&e the

problem%

http://pop_dsp%28%27pop_gls.pl/?k=price%20level%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=aggregate%20demand%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=aggregate%20demand%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=aggregate%20supply%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=money%20supply%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=purchasing%20power%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=economist%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=stabilization%20policies%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=monetary%20policy%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=monetary%20policy%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=Federal%20Reserve%20System%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=price%20level%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=aggregate%20demand%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=aggregate%20demand%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=aggregate%20supply%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=money%20supply%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=purchasing%20power%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=economist%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=stabilization%20policies%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=monetary%20policy%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=monetary%20policy%27,500,400)http://pop_dsp%28%27pop_gls.pl/?k=Federal%20Reserve%20System%27,500,400)

7/25/2019 Tutorial 2 Makro

5/13

GROUP 4

KUALA LUMPUR: Malaysias unemployment rate rose 0.1% to 3.2% in February 201

!rom 3.1% in "anuary# a$$orin& to t'e (tatisti$s )epartment.

*t sai on Friay t'e unemployment rate +as 'o+e,er similar to a year a&o.

-'e seasonally a/uste unemployment rate !or February 201 +as 3.2%# up 0.2per$enta&e point $ompare +it' 3% in t'e pre,ious mont'# it sai.

'e epartment sai t'e labour !or$e parti$ipation rate in February rose 0.2 per$enta&epoints to .% !rom .2% in "anuary 201.

-'e in$rease +as $ontribute by t'e in$rease o! 2#00 employe personnel in t'e labour

mar4et# it e5plaine.

*t sai t'e number o! employe rose 0.% to 13. million in February# a 0.% in$rease!rom 13.01 million in "anuary.

6o+e,er# t'ere +as a 2.7% in$rease in t'e unemploye at #700 !rom 2#000 !rom"anuary. 'is +as also a 1.7% rise !rom t'e #00 a year a&o.

'e epartment sai unemploye re!ers to t'ose +'o o not 'a,e a /ob but are interesteto +or4. 'ere are t+o &roups o! unemploye t'at is t'e a$ti,ely unemploye anina$ti,ely unemploye.

'e e$onomi$ a$ti,ity o! a population epens on t'e emo&rap'i$ $'ara$teristi$s o! t'atpopulation. 'e proportion o! e$onomi$ally a$ti,e population# t'ere!ore# i!!ers bet+eensub8&roups o! t'at population.

'ese ,ariations are measure by spe$i!i$ a$ti,ity rates terme as labour !or$eparti$ipation rate. Labour !or$e parti$ipation rate is e!ine as t'e ratio o! t'e labour !or$eto t'e +or4in& a&e population 91 to years# e5presse as per$enta&e.

Unemployment rate is t'e proportion o! unemploye population to t'e total population inlabour !or$e. 'is rate measures t'e per$enta&e o! unemploye population in t'e labour!or$e.

;uestion :

1

7/25/2019 Tutorial 2 Makro

6/13

GROUP 5

'e in$reasin& rate o! unemploye &rauates is one o! t'e issues t'at tri&&ers +orl?s $on$erns

lately. @onseuently# t'is resear$' aims to in,esti&ate !a$tors t'at lea to t'e unemployment

problem amon& Malaysian &rauates !rom t'ree aspe$ts# +'i$' are &rauates attributes# le$turers

$ompeten$y an uality o! eu$ation. 'is ualitati,e resear$' aopte an inter,ie+ met'o# +'i$'

+as $onu$te to se,en responents +'o 'a,e t'e e5perien$e in tea$'in& an +or4in& in t'e

inustry. 'e ma/ority o! t'e responents a&ree t'at t'e &rauates attributes# le$turers

$ompeten$y an t'e uality o! eu$ation# +'i$' is re!erre to t'e $urri$ulum o! a stuy !iel# are

amon& t'e !a$tors t'at $ontribute to t'e unemployment problem amon& t'e Malaysian &rauates

no+aays. 'ere!ore# it is reasonable !or t'e parties +'o are in,ol,e in t'e $onstru$tion an t'e

en'an$ement o! t'e $urri$ulum o! t'e relate to t'e !iel o! stuy to $onu$t an in8ept' stuy. 'is

s'oul be one in orer to ienti!y t'e problems t'at o$$ur t'rou&'out t'e implementation o! t'e

stuy area. *t is important to e,aluate t'e suitability o! t'e implementation o! a $urri$ulum o! t'e

stuy area in orer to ensure t'e implemente $urri$ulum $an prou$e 'uman resour$es# +'i$'

are uali!ie# s4ill!ul an $an !ul!ill t'e nee o! t'e inustries an t'e $urrent mar4et.

;uestion:

1 From t'e statement abo,e# t'ere is in$reasin& in t'e rate o! unemploye &rauates#

7/25/2019 Tutorial 2 Makro

7/13

GROUP 6

I was reading The Edge Financial Daily 1001 Special Commemorative Feature section when Icame across an article !alaysias growing pains" #y Su$%in Teoh& Deutsche 'an( )ead o* +sean

and !alaysia strategy, In the article& the author pointed out that !alaysia is currently at a crossroad

into restructuring its economy in order to get it right, It mentions a#out the -E!+.D/ initiatives&

the Economic Trans*ormation -lan ET- and .ational 2ey Economic +rea .2E+, She applauds

-E!+.D/s e**orts and was encouraged with the success it already achieved so *ar, She noted that

although there have #een encouraging milestone success& the road ahead will #e a #umpy one with

no short cuts ,

It was a good article3 however& one issue caught my eyes straight away, In the article& the author

mentioned a#out the unemployment and showed some distress *igures, Since 4005& the unemployed

graduates with degree 6 a#ove *igure have rose *rom 78&899 to :5&1;7 and the unemployed

graduates with diploma rose *rom 74&4;: to 8t two years,

The government has played a ma=or role in educating the !alaysian pu#lic, From the initiatives

underta(en a*ter the ?a@a( ?eport& all citi@ens are given primary education either *ree or =ust #y

paying to(en *ee, The result is that more and more !alaysian #eing educated, That leads to the

growth o* private universitiesAcolleges to cater to the growing demand *or education, It was servingits purposes during the :0s when the country was hungry *or local talents to push the country to

ne>t level o* development, )owever& since the *inancial crisis in 1::8& =o#s growth rate which

reBuire Diploma 6 a#ove has #een growing less than the growth in human capital supply, The

result was increase in unemployment,

7/25/2019 Tutorial 2 Makro

8/13

+s

we can see& a#out 50 o* the unemployed are in the age group o* 40$4: years old, These are mainly

the new graduates, hilst it is hard *or this unemployed to get wor( in !alaysia& it is way harder

*or them to get =o#s overseas, Despite the *act that we are currently *acing #rain drain& with most o*

our top #rains opted to *ind #etter opportunities overseas& !alaysia still cant create enough =o#s *or

its people,

I thin( it is high time *or the Education !inistry& )igher Education !inistry and )uman ?esources

!inistry to sit down and come out with a solution to this growing pro#lem, The current temporarymeasures to put them in C and IC *or < months to 1 year through attachment programs will

7/25/2019 Tutorial 2 Makro

9/13

not solve the pro#lem, It is =ust delaying the inevita#le, The three ministries need to sit down and

come out with a long term *ramewor( to match the country reBuirement with the supply, It is high

time that these ministries stop operating in their own tempurung or imaginary *ie*dom,

/nemployed people are unhappy people, Some may choose to earn a living through illegal means,

+nd have the government *orgot what happen in Tunisia and EgyptG The main reason *or the

uprising there is #ecause o* high unemployment rate, e might #e heading the same direction i* the

government do not ta(e immediate actions,

QUESTION:

1) #ive your opinion about this report$ #ive your suggestion on how to solve this

problem?

2) Why should the government en"ounter this unemployment problem?

BR>UP

;UC(*>D

Ministry aims to cut new graduates unemployment

DECEMBER 12, 2012 KUALA LUMPUR, Dec 12 The Higher Education Minitr! ha

i"#$e"ented the %tudent Mar&eta'i$it! Progra""e, (hich et a target to ecure

uita'$e e"#$o!"ent (ithin i) "onth *or at $eat + #er cent o* ne( graduate-

De#ut! Miniter o* Higher Education to$d De(an .egara !eterda! that three

a##roache, the /a$ueadded %tudent Dee$o#"ent #rogra""e, E"#$o!a'$e

raduate #rogra""e and Co$$a'oration (ith oern"ent Agencie #rogra""e (ere

integrated *or a ho$itic i"#$e"entation-

3Thi i to ena'$e the tudent to o'tain uita'$e e"#$o!"ent either *ro" the a#ect

o* 4ua$i5cation and inco"e or "otiating tudent to 'eco"e entre#reneur and in

turn create e"#$o!"ent,6 he aid, (hi$e re#$!ing to %enator Datu& Moha""ed .a7ee'

A'du$$ah (ho a&ed a'out the goern"ent trateg! on graduate "ar&eti'i$it! 'aed

on creatie, innoate and entre#reneurhi# a$ue-

He aid the goern"ent had a$o et u# the raduate E"#$o!a'i$it! Ta&*orce, a

announced during the ta'$ing o* the Budget 2018-

7/25/2019 Tutorial 2 Makro

10/13

9n order to "atch graduate: 4ua$i5cation (ith the nationa$ and g$o'a$ 7o' "ar&et

need, the ta&*orce (ou$d *ocu on the re4uire"ent in the 12 .ationa$ Ke!

Econo"ic Area ;.KEA< under the Econo"ic Tran*or"ation Progra""e- Berna"a

%e&er to the arti"les'

a *n your opinion# o you a&ree in t'is (tuent Mar4etability Pro&ramme=

7/25/2019 Tutorial 2 Makro

11/13

Forecast +ctual H1A1< H4A1< H9A1< H7A1< 4040 /nit

/nemployment ?ate 9,1 9,1 9,4 9,1 9,07 9,7 percent

QUESTION

1) nalysis the "urrent unemployment in Malaysia$

2) Why this problem must be ta".le?

3) #ive your opinion on how en"ounter the unemployment problem$

GROUP 9

Budget 2016 must create jobs, help unemployed Malaysians, urge groups

BY MD IZ!"

Pu'$ihed= 22 >cto'er 201 +=00 AM ? U#dated= 22 >cto'er 201 @=1 AM

7/25/2019 Tutorial 2 Makro

12/13

Malaysian Employers Federation executive director Datuk Shamsuddin Bardan says the

28% level of skilled workers in the country currently is not enouh for any country hopin

to achieve developed!nation status within the next " years# $

The Malaysian Insider pic, October 22, 2015.Putrajaya must use Budet 201! to help "or#in class

citi$ens cope "ith economic uncertainty and the risin cost o% li&in, "ith %ocus on creatin jobs,

policies on %orein "or#ers and unemployed raduates, labour and employer roups said.

The ringgits drop against the /S dollar and higher living costs due to the goods and services ta>ST have a**ected the wor(ing class the most& who also struggle with limited =o# opportunities&

said !alaysian Employers Federation !EF e>ecutive director Datu( Shamsuddin 'ardan,

J?ight now& the la#our mar(et is so wea(& companies are not hiring and there are many who have

#een laid o**, +nd on top o* that& we are *acing the pro#lem o* graduate unemployment,

JThe government has to intervene in the #udget, Kne o* the items that need to #e dealt with is the

unemployment o* graduates&J Shamsuddin told The !alaysian Insider ahead o* 'udget 401< which

-rime !inister Datu( Seri .a=i# ?a@a( will ta#le in -arliament this Friday,The unemployment rate in Malaysia is 3%, with a growth rate of 3.3% per year for the

duration of the 10th Malaysia Plan from 2011 until June 2015.

Shamsuddin said -utra=aya should *ocus on =o# creation and also on graduates who have yet to gain

employment,

JKne o* the ways is *or the government to give incentives to companies that would ta(e in

unemployed graduates&J he said,

JI* there is no immediate action& we worry that the unemployed graduates will have trou#le entering

the =o# mar(et&J he said,

Shamsuddin also e>pressed worry a#out !alaysias plan to #ecome a developed country #y 4040 asthe num#er o* s(illed wor(ers in the country stood at 45 $ a num#er which is too small *or such a

lo*ty target,

JKne o* the things that we always raise is s(ills development, ?ight now& the percentage o* s(illed

wor(ers in the country is still low,

H/ESTIK. :

1 hat is the unemployment scenario in !alaysiaG

4 hy graduate unemployed in !alaysia increasing G

7/25/2019 Tutorial 2 Makro

13/13

9 ive your opinion on how government help the graduate G

7 hy government should #e solve the unemployment in the countryG