The fight between employers and employees has hit the Nepalese market again. Those employed want higher wages and better working conditions while those employing cite poor profitability and low sales for meagre wages. The higher wages demanded by the unions in the southern part of Nepal has led to the closure of multinationals like Coke and Carlsberg.
It is indeed a sad thing to witness in a country like Nepal. It is reported that the unions wanted to raise the minimum wage to 10,000 rupees while the government estimation of minimum wage is around 3500 rupees a month. This sounds a little insane to me. How can people in Nepal expect a minimum wage of 10,000 rupees?
We need to grow up and be realistic. We should let the market decide the wages. After all we have high level of unemployment and the best way to solve this problem is to allow people to operate freely, remove minimum wages, support private property and liberty and build infrastrustures. If we continue to see the multinationals closed, we are for a deep crisis. We need to curb the power of unions to force employers. That way we will see more employment and growth.
What do you guys think about this?
source:
http://dreamnepal.wordpress.com/ original:
www.thestatesman.net
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