Ya Libnan

Cabinet raises minimum wage to 675,000 LL , Update

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The cabinet agreed to raise the minimum wage to 675, 000 Lebanese pounds ( $450) during its meeting at the Baabda presidential palace .

The cabinet also agreed to raise wages ranging between 500,000 LL and 1 million LL by 200,000 LL and raise wages above 1 million by by 30 percent on condition that the increase is minimum 300,000 LL .

Earlier this month the minimum wage was raised by the cabinet to 600,000 LL, but the labor Union was not happy with the increase and called for a strike .

Update: General Workers Union chief Ghassan Ghosn called off the strike after reaching a compromise with the government over the issue of minimum wage increases , according to local reports. Ghosn called “historic ” the deal on wages that was agreed to today between the cabinet and the business community.

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21 responses to “Cabinet raises minimum wage to 675,000 LL , Update”

  1. 5thDrawer Avatar
    5thDrawer

    Well, THAT should give them enough to buy bottled water …..

    1. Hannibal Avatar
      Hannibal

      and goodwill to all mankind… Happy Holidays to those earning minimum wages; Santa Claus is coming to town.

    2. Hannibal Avatar
      Hannibal

      and goodwill to all mankind… Happy Holidays to those earning minimum wages; Santa Claus is coming to town.

  2. Avatar
    Anonymous

    Well, THAT should give them enough to buy bottled water …..

    1. Hannibal Avatar
      Hannibal

      and goodwill to all mankind… Happy Holidays to those earning minimum wages; Santa Claus is coming to town.

  3. Hannibal Avatar
    Hannibal

    yaaaay riches…

  4. Hannibal Avatar
    Hannibal

    yaaaay riches…

  5. Sebouh80 Avatar
    Sebouh80

    Apparently the Lebanese cabinet approved of minimum wage increase to 868000 LL. This is no doubt will lead to further inflation.

  6. Avatar
    Anonymous

    Apparently the Lebanese cabinet approved of minimum wage increase to 868000 LL. This is no doubt will lead to further inflation.

  7. Avatar
    Anonymous

    Apparently the Lebanese cabinet approved of minimum wage increase to 868000 LL. This is no doubt will lead to further inflation.

    1. Avatar
      Anonymous

      The only thing that inflates is the egos of the cabinet and their controllers.

      1. Avatar
        Anonymous

        I suspect that business owners in order to stay in business will in return fire their existing employees, and this will further cripple the Lebanese economy.

        Wage increases on the aggregate will always lead to inflation and this is a very bad news. The theory is that if productivity in any economy is stagnant, and if  we increase wages substantially then this will no doubt lead to rising. inflation which would be harmful for all the people. 

        The purchasing power will decline.

        1. Avatar
          Anonymous

          Sebouh.
          I sincerely doubt that raising the wages of the lowest-paid slogs will give them much more purchasing power – especially since the price of food and certain other necessities of life already went up anyway.
          Unless, of course, everyone out there is a minimum-wage earner … in which case the higher taxes from the rich (hahahaha) should be subsidising the food prices of the poor slogs who seem to be necessary to make their businesses work.
          Kraft Dinner and Beans anyone? Labneh and flat-bread?
          Bottled water – needed more often than food – takes the edge off the stomach pains.

  8. USB 3G Avatar
    USB 3G

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  9. USB 3G Avatar
    USB 3G

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  10. USB 3G Avatar
    USB 3G

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