URGENT: US PPI declines by 0.2% in May    Egypt secures $130m in non-refundable USAID grants    HSBC named Egypt's Best Bank for Diversity, Inclusion by Euromoney    Singapore offers refiners carbon tax rebates for '24, '25    Egypt's CBE offers EGP 4b zero coupon t-bonds    G7 agrees on $50b Ukraine loan from frozen Russian assets    EU dairy faces China tariff threat    Over 12,000 Egyptian pilgrims receive medical care during Hajj: Health Ministry    Egypt's rise as global logistics hub takes centre stage at New Development Bank Seminar    Blinken addresses Hamas ceasefire counterproposal, future governance plans for Gaza    MSMEDA, EABA sign MoU to offer new marketing opportunities for Egyptian SMEs in Africa    Egypt's President Al-Sisi, Equatorial Guinea's Vice President discuss bilateral cooperation, regional Issues    Egypt's Higher Education Minister pledges deeper cooperation with BRICS at Kazan Summit    Gaza death toll rises to 37,164, injuries hit 84,832 amid ongoing Israeli attacks    Egypt's Water Research, Space Agencies join forces to tackle water challenges    BRICS Skate Cup: Skateboarders from Egypt, 22 nations gather in Russia    Pharaohs Edge Out Burkina Faso in World Cup qualifiers Thriller    Egypt's EDA, Zambia sign collaboration pact    Madinaty Sports Club hosts successful 4th Qadya MMA Championship    Amwal Al Ghad Awards 2024 announces Entrepreneurs of the Year    Egyptian President asks Madbouly to form new government, outlines priorities    Egypt's President assigns Madbouly to form new government    Egypt and Tanzania discuss water cooperation    Grand Egyptian Museum opening: Madbouly reviews final preparations    Madinaty's inaugural Skydiving event boosts sports tourism appeal    Tunisia's President Saied reshuffles cabinet amidst political tension    Instagram Celebrates African Women in 'Made by Africa, Loved by the World' 2024 Campaign    Egypt to build 58 hospitals by '25    Swiss freeze on Russian assets dwindles to $6.36b in '23    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Labor leaders reject new minimum wage
Published in Almasry Alyoum on 05 - 05 - 2010

Activists and labor leaders have rejected statements by Minister of Economic Development Othman Mohamed Othman in which he said the minimum wage will be set at LE280. They criticized the distribution of salaries and accused Othman of manipulating inflation rates.
Kamal Abu Eita, a labor leader, rejected the new minimum wage, saying that an appropriate minimum wage should be set at LE2700. However, he suggested, given the unfair distribution of wages and talk of constraints on the state budget, the minimum wage could be set at LE1200.
Abu Eita added that more than 1000 persons in Egypt receive a monthly salary of more than LE1 million, while thousands of others receive a monthly salary of LE99, such as the workers at the Information Centers for Local Development.
El-Badri Farghali, head of the Federation of Pension Holders, said that the minimum wage announced by the minister is almost as low as the social security pension given to widows. "How can productive workers be equated with pension holders?" he asked.
Farghali said the government favors businessmen and is not interested in workers, in either the private or public sectors.
Khaled Ali, president of the Egyptian Center for Economic and Social Rights, said that Othman is trying to avoid implementing the judicial ruling on minimum wage.
Ali added that the price of one ton of iron is more expensive in Egypt than in the US and questioned why the global minimum wage is not applied in Egypt.
He said that Othman is ignoring Article 23 of the Constitution, which states that a minimum as well as a maximum wage should be set to minimize the gap between wages.
Abdel Rashid Helal, labor secretary of the leftist Tagammu Party, described Othman's statements as provocative, saying that the minimum wage stated is equivalent to the pocket money he gives to one of his children to spend in one day.
Helal said the minister's statements will only complicate the problem further, and he called for imposing taxes on the stock market and restructuring workers' wages.
Translated from the Arabic Edition.


Clic here to read the story from its source.