23 Oct 2021, 22:46

Soaring GDP and GDP per Capita prompts call for change in minimum wage
Today the government announced in good news for a second year in a row GDP has soared along with average wages and GDP per capita. GDP which was 9.054 trillion Euros last year is expected to exceed 10.8 trillion Euros with GDP per capita expected to exceed 106,000 Euros per year and potentially rise above Inquistas as the highest in the European Union and Europe.

However there are now calls for and talks of in government for minimum wages nationwide to be increased by at least 10% to share the wealth around and help wages have high real growth rate to beat the 5% inflation in the country that is expected. Average wages have grown by at least 12-15% though much of this it is worried will go to the richest and middle class in society. There is concern poorer citizens may be left out of the boom. It is reported the PM John Peter Key is in talks with Duchies leaders to encourage them to set at least 10% increases in minimum wages with him considering a national level minimum wage of between 16-20 Euros per hour being set. Though some experts are concerned setting one at such a high rate could crash economies in some of the lowest per Capita GDP duchies.