RM3,000 a month can survive one.
Well thank you so much, YB!
There is this very funny story in The Malaysian Insider today. In it the minister of international trade and industry Mustapha Mohd was quoted as saying that his ministry will use RM3,000 a month salary as a proxy for high income jobs. First of all, what is the meaning of using it as a proxy? And second of all, the minister also said that "you won't be rich with RM3,000 but you can survive." But I thought that if you had a high-income job you would be able to do much more than just "survive". No? Maybe I don't understand these things lah. Maybe the YB has some great economic theory which eludes poor working slobs like me. But then I remember this is the same YB who when asked why there was a need for a new multi-million Ringgit Istana Negara replied that it's 'nice' to have or something silly like that. So how?