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Author Topic: Is increase in minimum wage a good method to fight inflation?  (Read 1115 times)
TEBTC
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April 25, 2024, 03:26:05 PM
 #141

Increasing minimum wage as it regards to inflation is good but should be taken only as a palliative measure to cushion the effects of inflation but the real thing to do should be looking at economic stabilization such as strengthening of your currency against the dollar and encouraging local production of goods and services in doing so foreign import rate will reduce and it will have it impact on the overall economic growth and stability
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