Government Studying Possibility of Standardizing Minimum Wage Across Entire Country

The government is studying whether to scrap the current minimum wage law that allows each region to decide its own level with a national system that would standardize the rate for the entire country. Employers and some economists urge caution, however, as this might have adverse effects on inflation, productivity, and employment. Concerns were raised that higher wages would disincentive investors from going outside well-established…

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