83832
Gov’t, Workers, Employers Deadlocked in Setting Minimum Wage
Gov’t, Workers, Employers Deadlocked in Setting Minimum Wage
Monday, March 19, 2018

Gov’t, Workers, Employers Deadlocked in Setting Minimum Wage

Monday, March 19, 2018

Gov’t, Workers, Employers Deadlocked in Setting Minimum Wage

With only a day left for the Supreme Labor Council to set the minimum wage for the upcoming Iranian year, negotiations are still ongoing among representatives of workers, employers and government officials after they failed to reach an agreement in a dozen sessions. 
Representatives of workers, going to bat for close to 15 million Iranians, are united behind the demand for an increase in the minimum wage based on the living wage—a theoretical wage level that allows an individual to afford adequate shelter, food and other necessities. 
This comes as the employers’ representatives believe the country’s industries are not seeing an increase in productivity and earnings, and any sharp rise in minimum wage would put a damper on companies and businesses. 
Yet, both groups believe that workers’ wages should exceed the inflation rate, which has been the case since 2014-15.
 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/6cKQcJ
03/19/2018
  1. https://goo.gl/RGdTcb
  • https://goo.gl/fDj1Z4
  • https://goo.gl/NuzpBj
  • https://goo.gl/QHiRYc
  • https://goo.gl/mM1e5X

You can also read ...

Uber in Talks to Buy Food-Delivery Company
Uber Technologies Inc. is in early talks to buy food-delivery...
Aston Martin Aims to Steer  Around Brexit to $6.7b IPO
Luxury British carmaker maker Aston Martin is seeking a price...
Yu Chang Hwang (L) and Mohammad Reza Bakhtiari
South Korea’s new ambassador to Iran, Yu Chang Hwang, said...
The looming crisis in the emerging markets, set off by the run on the Turkish lira, has had a more direct impact on the Iranian rial than anything the US has claimed.
Since the beginning of the fiscal 2018-19, the Iranian rial...
Without Waivers, US Sanctions on Iran Will Cripple Iraq
Iraqi officials, struggling to form a new government months...
UK Firm: Progress Made With Iran Airport Contract
UK-based security solutions supplier Westminster Group said it...
Home Loans Surge by 19%
Latest figures disclosed by Bank Maskan, the agent bank of...
Graduate Unemployment at 19.4%
The average unemployment rate for university graduates stood...

Add new comment

Trending

Googleplus