Cheap labour bad for Malaysia, good for plunderers, says Daim

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Daim Zainuddin says industries will not innovate as long as they employ cheap labour.PETALING JAYA: Former finance minister Daim Zainuddin has urged the government to muster the political will to stop employers from exploiting cheap labour, saying it generally does not benefit Malaysians.“This cheap labour does not benefit Malaysians. Even with cheap labour, house prices are exorbitant. Even with cheap labour, food prices keep rising,” he said.Moreover, Daim said, industries would not innovate as long as Malaysia kept taking in cheap labour.“What we need is political will, the will to take the bull by the horns,” he told FMT.He called for a resolve to “take the difficult remedial steps” and to force industries to “accept the new norm that cheap labour is no longer a given”.“One of the main reasons for allowing cheap labour and for the lack of political will is that the provisi…