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Africa North

Egyptian govt sets maximum wage at 35 times minimum wage

2013-11-14

[Al Ahram] Egypt's cabinet set the country's maximum wage on Wednesday at 35 times the minimum wage of the employees working in the public sector, state-run news agency
...and if you can't believe the state-run news agency who can you believe?...
MENA reported.

According to the governmental decree, the maximum wage will be implemented as of January 2014 and its ceiling has been settled at LE42,000 per month.

Egypt's ministers of finance and administrative development will be tasked with preparing the procedures of new wage limit.

Maximum wage has been an issue of contention since the then-ruling military council in 2011 decided to set a national maximum wage at 35 times the minimum wage of a low-level employee at the same government body.

In September, the Egyptian government set a long-awaited minimum wage for the public-sector employees at LE1,200, minus deductions for pensions and other items.

According to official data, the number of employees in the governmental sector increased by two percent in 2012/13 to reach 5.545 million, compared to 5.439 million one year earlier.

Posted by:Fred

#8 Meh, I should have concluded with,

This is unusual only in that the workers are getting a share of the monopoly profits, as well as the government and businesses.

Posted by: rammer 2013-11-14 20:57

#7 Raising prices at an airport happens all the time, because the airport has a monopoly on air travelers. Raising the minimum wage will just raise prices on people visiting. It is not much different from the extra fees travelers pay on cabs that go to the airport, rental cars at the airport, or hotel taxes.

This is unusual only in that the workers are getting a share of the monopoly profits, instead of the government and businesses.

Posted by: rammer 2013-11-14 20:55

#6 Tell the Sheiks.

Posted by: Redneck Jim 2013-11-14 18:32

#5 If Government workers (HAH) have to depend on "Tip Money: they'll starve. (I Hope)

Posted by: Redneck Jim 2013-11-14 18:30

#4 Does this mean Gov't workers will have to depend on tip money to survive?

Posted by: Snavise Cholurt4299 2013-11-14 05:58

#3 No wonder western elites hate them

Posted by: g(r)omgoru 2013-11-14 03:09

#2 Less-than-Part-Time, working NMT 10-12 hours a week like in France while still getting all the benefits + perks of the Soon-to-be-Global Welfare-Nanny State wid little to no change in income tax brackets/rates.

In France their Govt voted to impose a mere 75% tax rate, as opposed to the originally favored 100-114% tax rates, until the Govt. whiz kids discovered that the 100%-n-over rates were effectively the same per the mainstream.

The good news is that Muslims in Marseilles are still vowing to following only Islamic or Sharia law, NOT Secular, Democratic Socialist French law.

Posted by: JosephMendiola 2013-11-14 01:30

#1 Don't tell the city of Seatac; as of tonight the $15 an hour minimum wage ballot proposal has a 19 vote lead; they might want to try to up the ante if they get wind of this. Never mind the jobs that will be lost or the shops that will close.....

Posted by: USN, Ret. 2013-11-14 00:53

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