PETALING JAYA: The new RM1, 500 minimum wage will encourage more people to take up jobs and increase their purchasing power, say trade unions. Welcoming the move, they denied that it would only benefit foreign workers and said that locals were also affected by low wages. MTUC acting president Mohd Effendy Abdul Ghani said the new rate was competitive.“ I think it is good for our economy because it can reduce the unemployment rate and encourage more people to work, ” he said, adding that the incr