Malaysia is grappling with three major paradoxes in its labour market that require urgent attention, says Human Resources Minister Steven Sim.
Speaking at a press conference on Monday (Jan 20), Sim outlined the challenges: the first paradox is Malaysia's low median wage; the second involves a mismatch between graduates' qualifications and industry demands; and the third is the lack of sufficient job opportunities to accommodate the increasing number of graduates from technical and vocational education and training (TVET) as well as science, technology, engineering, and mathematics (STEM) fields.
To tackle these issues, Sim emphasised the government’s commitment to enhancing workforce skills and aligning education with industry needs through the Madani Economy Framework.
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Speaking at a press conference on Monday (Jan 20), Sim outlined the challenges: the first paradox is Malaysia's low median wage; the second involves a mismatch between graduates' qualifications and industry demands; and the third is the lack of sufficient job opportunities to accommodate the increasing number of graduates from technical and vocational education and training (TVET) as well as science, technology, engineering, and mathematics (STEM) fields.
To tackle these issues, Sim emphasised the government’s commitment to enhancing workforce skills and aligning education with industry needs through the Madani Economy Framework.
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
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