Egypt gov’t proposes maximum wage 36 times minimum wage
Created: Sep 06, 2011,
modified: Jan 13, 2012,
overall rating: 0.000
Egypt's government looks to set maximum wages at 36 times the minimum.
CAIRO: Egypt’s government said on Monday that they were looking at a maximum wage 36 times that of the minimum wage, a move that could see activists angered over the growing class divides in the country.
“We expect a higher minimum wage and a maximum wage somewhere around 15 times that of the lowest wage to be offered,” said workers advocate Mohamed Helmy. He believes that the 36 times rate will enable the minimum wage to be set lower than hoped.
“It is worrying that it is being proposed so high, which means the lower the minimum wage, top owners could still bring in a massive salary,” he added.
Hazem al-Beblawy, Deputy Prime Minister for Economic Affairs and Minister of Finance, said in comments that wages would be set by an equation accounting for average inflation and an average wage growth of 10 percent annually over a 38-year career at a cabinet meeting concerning the disparity in government wages.
The equation would allow wages to reach 36 times the minimum wage, he said.
Cabinet spokesman Ambassador Mohamed Hegazy said the cabinet agreed to form a committee to study the status of wages and propose a new framework to remove disparities and contradictions in the law.
The committee is expected to complete the study within 6 months.
A 700 Egyptian pounds ($117) minimum wage was set by the government on July 1.
bikyamasr.com
Your Rating:
Overall rating: 0.000
Totally voted: 0
Comments
Login/Registration
Weather in:
Exchange Rates
1 USD = 16.200 LE
1 EUR = 18.040 LE
News
-
IMF loan expected next month
Apr 22, 2013, rating: 3.000, 3 votesEgypt may secure an International Monetary Fund loan agreement in about amonth, state news agency MENA reported, quoting "informed" sources ... -
Egypt received 11 million tourists in 2012 and aims to boost that number to 14 million in 2013.
Jan 22, 2013, rating: 3.000, 2 votesEgypt received 11 million tourists in 2012 and aims to boost that number to 14 million in 2013.
-
Egypt limits travelers leaving country to US$10,000 in cash
Dec 26, 2012, rating: 3.250, 4 votesEgypt has banned travelers from carrying more than US$10,000 in foreigncurrency cash in or out of the country ... -
National Coalition on Climate Change for Egypt is born
Nov 30, 2012, rating: 5.000, 1 votesThe global COP18 conference on climate change opens in Doha Monday.About 17,000 participants from all over the world ... -
Egyptian family's average annual income is LE25,000, agency reports.
Nov 29, 2012, rating: 5.000, 1 votesThe average annual Egyptian household income during 2010-2011 wasLE25,353, according to the Central Agency for Public Mobilization andStatistics. -
Judgment for sexual harassment
Nov 14, 2012, rating: 3.600, 5 votesA man was sentenced to two years in prison and fined LE 2,000 for sexually harassing a woman, an ...