Hundreds of Egyptian workers and activists demonstrated on 3 April, calling for raising the national minimum wage from LE35 a month to LE1,200.
Comments are closed.
Minimum wages are all well and good for those who would anyway earn above them. They make one feel socially responsible. However, when applied they will make redundant those whose wages can now not be afforded anymore by their employers, may even drive certain induistries to other countries where wages are still lower. If any advocate of a minimum age can explain why the law of supply and demand does not apply to wages and jobs, he (or she) would deserve the Nobel Memorial Prize in Economics!
Hossam el-Hamalawy is an Egyptian journalist from Cairo