My thoughts on this PARAGRAPH- The survey reveals that although 95 per cent of unionised workers get higher wages than the minimum wage of VND800,000 (US$50) a month, only 70 per cent of unionised workers have had their wages revised in the past three years, while the inflation rate and Consumer Price Index have increase by a minimum of 7 per cent and 6 per cent respectively each year.
OK- Lets break it down- on this part=
"unionised workers get higher wages than the minimum wage of VND800,000 (US$50) a month "
We can see here what the MINIMUM WAGE IS- I believe this will help us, as Dinar investors as Very phew Iraq citizens can support their family's on these wages.And The Oil companies will offer more to get their oil to MARKET FASTER. and will have to also hire PRIVATE SECURITY FIRMS-WHO GET PAID IN US DOLLARS.
-----------------------------------------
"Unionised workers "- I believe UNION'S will be looking for HIGHR RATES as they know of the Huge PROFITS that the Company they work for will make. And they don't want a UNION WALK OUT.
------------------------------------------------
" only 70 per cent of unionised workers have had their wages revised in the past three years,"--Here it looks like the WORKER's who PLAY BALL have gotten the Raises, Nearly 1/3 of them are still making the SAME WAGES- HOW long do you think that will continue, as they see the Big bucks going to others.
UNION worker's are supposed to make the same wages, IF they do the SAME JOB.
-----------------------------------------------------
"while the inflation rate and Consumer Price Index have increase by a minimum of 7 per cent and 6 per cent respectively each year"
So INFLATION has cost them 6-7% of their wages- So it cost approximitly 48,000 DINARS MORE Now to take care of their family.I don't think this will go over big much longer.
-------------------------------------------------------------
1 way the GOVERMENT & OIL & GAS companies can get their product to market and help put a end to UNEMPLOYMENT is to offer FAIR MARKET WAGES , Instead of having people having to turn to OTHER MEANS of making a living.
Well these are my thoughts on this- perhaps others will offer thier thought's as well. Rick.c
News 
Market Data 
Discover 
