The government proclaims that the economy is doing well, that the people has never have it so good, that things are cheap here in Malaysia, In short it is telling the people that it has done well, it is competent, that it deserves a pat on the back.
But the people are telling the government that things are taking a turn for the worse. They are saying the value of the dollar is shrinking.They are saying their wages are not increasing in line with the inflation rate. They now have to pay a careful eye on their spending,
Which side is telling the truth? Swiss Bank UBS AG’s 2010 Prices and Wages report stated that the purchasing power of Malaysians living in Kuala Lumpur is poor compared to those living in New York, London, Sydney, Los Angeles and Zurich. The disparities range from 31.65% to 42%.
This poor purchasing power is causing hardship on the average Malaysians. Some of the drastic steps they have to resort to are:-
* scanning the scene for cheaper food items;
* eating cheaper varieties of food (ikan Kembung and sardines instead of ikan tenggri and ikan kurau;
* planting the vegetables for their own consumption;
* working longer hours (as much as 16 hours a day) to earn more money to meet their expenditures;
* changing their shopping habits (buying at the night markets instead of shopping at the hypermarkets);
* Cutting down on the more expensive items (like meats);
* forgoing on entertainment and holidays;
Those running their own businesses have to resort to sell below the ceiling prices to keep their customers.
Now who is telling the truth. The Department of Statistics Malaysia stated the ‘price of vegetables alone surged 11.5 per cent from last year, way more than meat (2.9 per cent), seafood (3.0 per cent) and dairy (5.2 per cent).’
Who is telling the truth, I rest my case!