The 57.4% increase in minimum wages set for the new Iranian year (started March 21), which unlike previous years was finalized and communicated before last year was out, has drawn a lot of flak from business owners.
However, even such an unprecedented rise in wages won’t be enough for households to make ends meet in inflationary times, stated Alireza Kolahi, a member of Iran Chamber of Commerce, Industries, Mines and Agriculture, in an article for the Persian economic daily Donya-e-Eqtesad. A translation of the text follows:
Employees of an economic enterprise won’t be able to put up a great performance at workplace when they are preoccupied with welfare problems. This would directly affect the efficiency of their enterprise, company and organization...
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