Balancing the short Term Vs. Long term Interest of Workers

There were recent press reports that a number of trade unions have submitted proposals to the National Pay Commission requesting establishment of; 1. a National Wages Commission for the private sector; 2. a national minimum wage; 3. an unemployment benefit insurance scheme; 4. a pension scheme for EPF members. In addition, a medical insurance and social security scheme for the informal sector employees has also been proposed.