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THE BENEFITS OF SOCIALISM

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reality
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« on: December 31, 2015, 05:21:15 am »

..."Romania's government agreed with trade unions and employers to raise the minimum wage by 19 per cent to 1,250 lei (NZ$440) a month before tax "

...perhaps if the lefties win the next election we could follow Romania's lead Tongue




Romania agrees to raise minimum wage after talks with trade unions

Romania's government agreed with trade unions and employers to raise the minimum wage by 19 per cent to 1,250 lei (NZ$440) a month before tax starting from May, sealing a deal with trade unions and employers after two-week talks, it said on Wednesday.

The move by the six-week-old technocrat government is seen by some as the first of a series of unaffordable measures in the run-up to municipal and national elections next year.

The former leftist government, which quit in November after massive street protests over a nightclub fire that killed 63, had planned to enforce a minimum wage of 1,200 lei from Jan 1.

Government spokesman Dan Suciu told reporters that 1.13 million employees, among European Union's poorest, will benefit from the move, including 39,000 public sector workers.

"Negotiations began on December 18, we've been holding talks with unions and employers associations," he said. "One of the important goals was to relaunch the social dialogue."

Lawmakers approved a 2016 budget plan this month that incorporates wage increases and tax cuts, but also raises investment spending while keeping the deficit just below the European Union's 3-per-cent limit.

The new government had to make room for already-approved fiscal easing including a 4 percentage point cut in value added tax to 20 per cent form Jan 1 and other tax reductions, public sector wage hikes of 10-25 per cent and higher social benefits.

ING Bank analysts said in a note to clients, "as we near next year's local and general elections, we see risks of new populist measures being adopted by the parliament, without adequate budget resources", noting that the move was not likely to have an impact on the Romanian leu currency short term.

"We view it as negative for competitiveness over the medium term, as it will further drive up labour costs in a country that relies mostly on low wages to attract investments."

 - Reuters
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guest49
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« Reply #1 on: December 31, 2015, 06:11:46 am »

Mmmm.
Well, if it wasn't for Socialism, we would still be governed by the Farmers Party, the bulk of the population still in abject poverty and still tugging our forelocks when a member of the gentry drove by...
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Kiwithrottlejockey
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Having fun in the hills!


« Reply #2 on: December 31, 2015, 06:21:48 am »


I'll tell you what....if capitalists stop putting up prices and making the cost-of-living more expensive, then workers can stop demanding pay increases each year so they can afford to cover their living costs. Fair enough?

Or perhaps it is time for another revolution where capitalist pigs get lined up against walls and shot for being greedy, exploitive scumbags.
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If you aren't living life on the edge, you're taking up too much space! 
reality
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« Reply #3 on: December 31, 2015, 06:36:49 am »

""We view it as negative for competitiveness over the medium term, as it will further drive up labour costs in a country that relies mostly on low wages to attract investments."

...yup...without competition it would be like one big govt dept ...and we all know how good they are Roll Eyes

...we would be down to $440 in month in a flash Shocked
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