Mar 16, 2011

The effects of salaries hike

All locals in government and private sectors protesting, and one of their demands is in increase in salaries, they don't realize the effect or chain reaction?

Let me explain, increase in salary, means surplus in accounts, mean extra money to save and/or spend. For business people, it's a chance to increase the prices of the commodities, etc. So the price hike the prices, people will spend more to meet their demands, it's a win-loose for the benefit of businesses.

That's the cycle of life.

No comments:

Post a Comment