The Youth and Sports Minister said the task force will be chaired by Prime Minister Tun Mahathir Mohamad and will include the relevant departments, companies and organizations.
"This is to fulfill Pakatan Harapan's manifesto in creating quality employment opportunities for people, and we look forward to working with the private sector.
"If we look at the Bank Negara and Khazanah Research Institute (KRI) report last month, we can see that there is a problem with the pay scale," he said after the launch of the Penang Youth Festival on Pesta Site in Sungai Nibong on Sunday (April 21)
"That's why we need to collaborate with the corporate sector to raise the level of young people's salaries, especially those with diplomas, as the salary level has now become static," he added.
Syed Saddiq said that allegations that young people are lazy, incompetent and immature while over-demanding expected salaries are not true.
"The Bank Negara and KRI study has proven that young people do not seek or expect a paycheck, what they want is just a living wage.
"But in current times, the salary level is static, so we need to look at this to address the issue raised by Bank Negara and KRI," he said.
He added that they hope to create more quality job opportunities, such as the 300 job openings created after bringing in Razer, Singapore-based gaming hardware manufacturer.
Syed Saddiq said that the incompatibility of skills and business preference for foreign workers are also causes for youth unemployment in the country.
"To solve a problem, we must first understand it, and now the two causes are incompatibility of skills and preference for foreign workers.
"Our graduates can have good diplomas, certificates and everything, but when they enter the market, they are paid incomes because of imbalance of skills and some can not find a suitable job as companies prefer to hire foreign talent," he added.