CYPRUS MIRROR
reading time: 2 min.

Denktaş: Low-Paid Workers Struggle with High Cost of Living

Denktaş: Low-Paid Workers Struggle with High Cost of Living

Former Deputy Prime Minister Serdar Denktaş expressed concerns over the ongoing cycle of minimum wage, stating that "workers on low wages are struggling with the high cost of living."

Publish Date: 15/05/24 16:38
reading time: 2 min.
Denktaş: Low-Paid Workers Struggle with High Cost of Living
A- A A+

Denktaş highlighted that the issue of minimum wage, inflation, and increasing prices has created a stagnant situation, continuously diminishing purchasing power. He criticized the calculation of the cost of living basket, particularly the inclusion of holiday expenses like trips to Italy, emphasizing that it should reflect the essential expenses of those living on minimum wages. Denktaş also proposed a more frequent adjustment of cost of living allowances for low-income earners compared to those earning above a certain threshold, acknowledging the disparity in purchasing power between different income groups.

Furthermore, Denktaş addressed the challenges faced by employers, noting the dominance of foreign labor in the private sector and its impact on local businesses. He advocated for a closer alignment between private sector interests and government policies to create an environment where businesses can exert pressure on the government in the long term.

Regarding corruption and scandals, Denktaş expressed serious concerns about their widespread acceptance in society, attributing it to inadequate laws and disproportionately high penalties. He highlighted the need for a systemic change to address these issues effectively, emphasizing the importance of upholding democratic principles and restoring public trust in governance.

Denktaş concluded by underscoring the fundamental role of democracy in resolving the country's challenges and restoring stability. He urged for a collective effort to uphold democratic values and enact meaningful reforms to steer the country towards a path of recovery and progress.

To keep up to date with latest Cyprus news

Comments

Attention!
Sending all kinds of financial, legal, criminal, administrative responsibility content arising from illegal, threatening, disturbing, insulting and abusive, humiliating, humiliating, vulgar, obscene, immoral, damaging personal rights or similar content. It belongs to the Member / Members.