Rising Wages Outpacing Productivity in Malaysia, Driving Up Labor Costs
The study looked at how wages, productivity, and unemployment are connected in Malaysia. They used math techniques to analyze data over time. The results showed that higher productivity is linked to higher wages in the long term. But sometimes, wages go up more than productivity, leading to higher labor costs. Also, productivity can cause wages to go up in the short term. Unemployment, however, doesn't seem to be related to this system.