Minimum Wage raised to 700,000 in Lebanon
Written by Najib

 

 

The Lebanese government agreed on Tuesday to raise the minimum wage in Lebanon by 200,000 to become 700,000. Added to that, all employees earning between 1,000,000 and 1,800,000 were granted a 300,000 LL automatic increase. This unbalance wage hike has stirred many reactions, mainly from the head of the economic authorities and former minister Adnan Kassar who stated on Wednesday that the government's decision to raise the minimum wage in Lebanon will create dangerous crises in the country.

 

Price inflation and an increase in unemployment are among the repercussions that are feared from such measures. Indeed, an increase in prices has been noticed in supermarkets and stores in the past two days.