Monday, March 12, 2012

High Income Nation 3

Minimum Pay


18. To many, a huge chunk of monthly income goes to housing and car loan repayments. These loans are excessively high. Normally, a borrower will end up paying double the price of the house and one third more than the price of the car.


19. Many struggle to make ends meet. To this problem, some parties propose a minimum pay. It is unclear, though, how a minimum pay acts as a solution. The focus should actually be a minimum household income. 


* This is also posted on Tun Dr Mahathir's blog under Minimum Pay

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