“TTMA notes that the minimum wage is expected to increase by 20 per cent from January 2015. We are concerned that, in the absence of a commensurate increase in productivity, there will be a negative impact on inflation and on our local manufacturers’ competitiveness. Furthermore, we would like to see a re-commissioning of the National Productivity Council, with a new mandate to oversee the measurement of productivity in the country.”
Posted on: Tue, 09 Sep 2014 14:54:28 +0000
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