Introduction
This article analyses various statements about the average mean monthly salary in Malaysia in 2021. It provides an overview of the Malaysian employment sector, including the disparities in salaries based on factors such as education level, employment sector, ethnicity, gender, and age. All of the references used in order to develop this article are based from Statista GmbH (2022).
Average Monthly Salary in Malaysia
According to the statement, the average mean monthly salary in Malaysia in 2021 was around RM3,000. However, the average monthly salary varies greatly based on several factors such as education level, employment sector, and location. Urban areas tend to have higher salaries compared to rural areas.
Salary Disparities Based on Ethnicity
The statement reveals that Chinese employees in Malaysia commanded the highest average monthly salary in 2021, at around RM3,500, despite being a minority population. Ethnic Malay and indigenous Bumiputera employees had an average monthly salary of around RM2,900, which is lower than the national average. Ethnic Indian employees had an average monthly salary of around RM2,850.
Salary Disparities Based on Education Level
The statement also reveals a correlation between education level and salary. Employees with Sijil Pelajaran Malaysia (SPM) as their highest qualification had an average monthly salary of around RM2,150, while employees in the education sector had a higher average mean monthly salary of around RM5,550.
Salary Disparities Based on Gender
In 2021, the average monthly salary for female employees in Malaysia was around RM2,970, which is lower than the average monthly salary for male employees at around RM3,000. The difference in average monthly salary between male and female employees was around RM117.
Salary Disparities Based on Employment Sector
The statement reveals that the information and communication industry had the highest average monthly salary in 2021 at around RM4,350, while the entertainment sector had the lowest average mean monthly salary at around RM2,900. The accommodation and services industry had a mean average monthly salary of around RM1,950, which is lower than the national average.
Labor Force and Age Disparities
In 2021, the labor force participation rate in Malaysia was around 68.6 percent, with approximately 15 million people employed out of a labor force of around 15.8 million people. The statement also reveals that employees between the ages of 45 to 49 years old earned the highest average monthly salary of around RM3,910.
Conclusion
In conclusion, the statement provides insights into the average mean monthly salary in Malaysia in 2021 and highlights the disparities in salaries based on several factors such as ethnicity, gender, education level, employment sector, and age. These disparities may indicate potential issues with income inequality and may require policies to address the issue.
Reference
Statista GmbH (2022). https://www.statista.com/search/?q=Malaysia+salary+2021&Search=&qKat=search&newSearch=true&p=1&activeTab=statistics (online search)