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Workers receive wage hikes of up to 37% (Argentina)
Buenos Aires Herald ^
| July 22, 2014
Posted on 07/22/2014 5:32:29 AM PDT by Oldeconomybuyer
The national government yesterday unveiled the results of collective wage bargaining for the first half of the year, stressing the fact that salaries have risen by up to 37 percent amid a difficult context marred by economic troubles.
The Labour Ministry considered not only hikes in basic salaries but also extra sums agreed to between workers and employers.
Meanwhile, private estimates say inflation for the last 12 months has clocked in at around 37 to39 percent.
(Excerpt) Read more at buenosairesherald.com ...
TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: economics; socialism
Socialism fails every time.
When you are dealing in pretend Monopoly money, why not give them a raise of 50%? Its meaningless since it will generate inflation that outstrips it. Those who forget history are doomed to repeat it.
posted on 07/22/2014 5:39:16 AM PDT
by Opinionated Blowhard
("When the people find they can vote themselves money, that will herald the end of the republic.")
To: Opinionated Blowhard
Don’t cry for me Argentina.
posted on 07/22/2014 6:05:02 AM PDT
by Don Corleone
("Oil the gun..eat the cannoli. Take it to the Mattress.")
RE:”Workers receive wage hikes of up to 37% (Argentina),.....Meanwhile, private estimates say inflation for the last 12 months has clocked in at around 37 to39 percent.”
Happy days are here again, everyone loves getting a raise.
Ever notice that high gas prices are (considered) bad under a GOP POTUS and good under a Dem POTUS?
Same here in Maryland with governors and electric prices.
posted on 07/22/2014 6:05:37 AM PDT
(King Obama : 'The debate is over. The time for talk is over. Just follow my commands you serfs""')
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