Earnings by individuals in different continents have got certain correlation with the very nature of their occupations thus income either through banking transactions or cash or cash equivalent at hand.
There are many people who are striving to gain prestigious standard of living negating the foreign currency fluctuations should the Gross Income per person is to be derived. With foreign exchange factors added into the calculation of their income remitted to home-countries, surprising facts submerge in terms of their adequacy for injecting more funds into the home countries, or squeezing or liquidating more funds from the former.
Malaysians for example are migrating to certain rich countries to earn a living and thus generating income above the average as gained by professionals in government or private companies locally.
Notwithstanding anything like brain-drain or outflow of funds (for financial savvy professionals, the funds would be very challenging indeed to describe herein) to those countries, the investment to work in rich countries or countries which can make them rich rather, is seldom seen as a contributing factor to the Gross Domestic Products (GDPs).
People are obsessed with the inflows of money lured by their employers and pushing factors such as lower family income and the needs to increase income for the purposes which are essential to upgrading their living standards and savings for themselves are making the "brain-drain-as-terminally-ill-rigid-monetary-policy" comes into effect.
We can see that no such other countries like Malaysia has got her name in her flagship which carries so much weight to the attainment of Vision which in not so many years to come is so obscured in its totality to materialise.
Sources from the media or financial or even banking industries are not making any adjustments to their level of critical thinking forward, so much so that such a vision is as good as cannot be seen. What an utmost clear point of view, taking into account the scattering States' deficiencies in contributions to the Gross National Income (GNI) and also escalating inflationary effects, the rate of which has made nobody jump out of shock until someone from the higher echelon officer has got to pay RM70.00 for less-than-3-hours parking fees in the middle of the City.
I would rather call the economists as Professionals in Economics because Malaysia needs more than an academician to oversee fluctuating prices and thus costs of living of her nationals. This also applies to rich countries that are debt-ridden in Europe to such an extent that rumours have got the tendency to presume a particular Kingdom would be escaping from the Union. Quite a cynical and constructive point of view it is.
To hedge risks of such an enduring sentiment as stated above is to ensure confidence in the voting rights among the electorates in democratic countries and Malaysia has taken a step forward to appoint an "Economic Minister" as opposed to Finance Advisor to the Government. The post can be filled by someone who has got many visions perhaps not just anticipating with jargons or gigantic elephants or other materials which can be construed as a twin tower or fruits portraits or even a submarine.
I would ask how much is the best salary for such a Minister?
And for those who are working hard to earn a living, how much is enough to save during financial crisis and what are your suggestions as to the salary scale of our future Prime Minister and his cabinet Ministers?
