Kazakhstan Economist Downplays Impact of Minimum Wage Hike
An economist suggests the impact of Kazakhstan's minimum wage increase from 85,000 to 110,000 tenge is overestimated. While it will benefit 1.8 million people, primarily state employees and individual entrepreneurs whose mandatory payments are tied to the minimum wage, private sector wages are linked to inflation, not the minimum wage. Therefore, a significant price increase is not expected.
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