Exploring The Fishermen’s Profit Sharing System In Terengganu

Abstract

Fishermen’s income basically depends on the wages of their efforts while the portion depends on the system set out by mutual agreement between the workers and employers called the profit sharing system. However, profit sharing was said to be an unfair system that exploits the workers yet the system survived till today besides being said as one of the factors that cause income inequality among fishermen and the reason why there are rich and poor fishermen. This research aimed to study the patterns of profit sharing system between the crews or workers and the ship owner or employers and inequality relating to the system besides analysing the profit generated by fishermen in Kuala Marang and Seberang Takir as well as to find the factors that influenced the fishermen’s profit. Research was carried out from March to May 2017 in the areas of Kuala Marang and Seberang Takir by using descriptive analysis, budgetary analysis and regression analysis. Hundred and sixty-two fishermen were interviewed in both study areas where 89 in Kuala Marang while 73 in Seberang Takir which were randomly selected by using Slovin’s formula with 90% confidence level. Finally, the study found that fishing operations using purse seine, gill net, hook and lines and trap net in both studied areas applied the profit sharing system where there were two different sharing patterns for each gear type.