July 11, 2021
A woman sits on an art installation at Trans Studio in Jakarta, Indonesia. Photo: Reuters
Before Covid-19 hammered the Malaysian economy, Kuala Lumpur native Jeremy Johnson made 7,000 ringgit ($2,250) a month as the general manager of a coffee company, and even had a car as part of his work benefits.
His family of six were firmly entrenched in the middle class: what Malaysia calls the M40 – for the 40 per cent of households considered “middle income” – defined as those earning 4,850 ringgit to 10,959 ringgit a month.
But movement restrictions forcing people to work from home and cautious spending from consumers hit his company hard and Johnson lost his job in August last year.