Thanks for sharing. Looks like the SMEs still bear the brunt of the changes due to limited capital compared to MNCs.
These govt measures look wonderful on the surface but I wonder if this will lead to more SMEs folding up and reducing number of jobs available overall.
But i suppose different sectors are impacted differently. Would it be too much of sweeping statement to say manufacturing industries are not affected much by rise in EP min pay as their issues lie more with finding FWs to do lower skilled job rather than FTs to manage the process?
Besides IT and financial industry, will these govt measures affect other industries?
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