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بوابة الشروق
Source: بوابة الشروق
1 Dayبوابة الشروق
Source: بوابة الشروق
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Former Egyptian Finance Minister Youssef Boutros-Ghali said that raising the minimum wage to 25,000 Egyptian pounds could lead companies to stop hiring or evade the law if wages exceed workers’ actual productivity. He explained that whether a minimum wage is viable depends on workers’ ability to produce value equivalent to their wages. As an example, he cited British companies’ use of “zero-hour” contracts to get around the rules when the minimum wage exceeded workers’ productivity. He stressed that wages need to rise, but declined to name an appropriate figure for now, saying he was no longer keeping up with the latest numbers.
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