Tweet
ARMENIAN MINISTER: SHARP RISE IN MINIMUM WAGE TO INCREASE EMIGRATION - NEWSPAPER
October 18, 2013 | 09:01
YEREVAN. - Zhamanak daily spoke with Armenian Government Chief of
Staff-Minister Vache Gabrielyan.
"With respect to the question as to whether or not there is a
discrepancy between the statements made by President Serzh Sargsyan
and PM Tigran Sargsyan, and concerning the raising of salaries,
Gabrielyan specifically responded as follows:
"'There is no discrepancy. According to the President's statement,
there will be a consistent increase in salaries as of 2014. Our
entire salary policy is also anchored in the minimum wage. Although
the increase in the minimum wage is desirable, excessive increase
may have very bad consequences for the economy.
"'I assure you that in the case of increasing [the salaries] at once
[and] sharply, we will have problems with both inflationary pressure
and immediate funding; but most importantly, with jobs. That is why
the [Armenian] authorities want to go with a pace whereby jobs can
be protected as much as possible.'
"The minister added that a drastic increase in the minimum wage will
result in reduction of jobs, which in turn will increase the growth
of emigration," Zhamanak writes.
News from Armenia - NEWS.am
October 18, 2013 | 09:01
YEREVAN. - Zhamanak daily spoke with Armenian Government Chief of
Staff-Minister Vache Gabrielyan.
"With respect to the question as to whether or not there is a
discrepancy between the statements made by President Serzh Sargsyan
and PM Tigran Sargsyan, and concerning the raising of salaries,
Gabrielyan specifically responded as follows:
"'There is no discrepancy. According to the President's statement,
there will be a consistent increase in salaries as of 2014. Our
entire salary policy is also anchored in the minimum wage. Although
the increase in the minimum wage is desirable, excessive increase
may have very bad consequences for the economy.
"'I assure you that in the case of increasing [the salaries] at once
[and] sharply, we will have problems with both inflationary pressure
and immediate funding; but most importantly, with jobs. That is why
the [Armenian] authorities want to go with a pace whereby jobs can
be protected as much as possible.'
"The minister added that a drastic increase in the minimum wage will
result in reduction of jobs, which in turn will increase the growth
of emigration," Zhamanak writes.
News from Armenia - NEWS.am