Is your pocket 41 percent deeper?
COMMENT Whether 41 percent or 49 percent, the numbers in the Economic Transformation Programme 2012 annual report is essentially trying to tell us this - Malaysia will reach high income status by 2020.
That gives the impression that the average Malaysian will be bringing home about RM48,000 (or US$15,000) a year by that time.
But will it? Does the average Malaysian feel 41 percent - or even the more modest 24 percent in ringgit terms - richer today compared to 2009? Are their pockets deeper?
The simple answer is no...
For the rest of this story and more, subscribe for only RM150 a year. If you're already a subscriber, please Sign in.Sign in Subscribe now