Posts

Indexing Salary Base Year to Economic Indicators: A Path to Fast Economic Growth

Indexing Salary Base Year to Economic Indicators: A Path to Fast Economic Growth Introduction The concept of indexing salaries to economic indicators such as the Gross Domestic Product (GDP) or inflation is an essential tool in maintaining the balance between wage growth and the economy's performance. As the cost of living rises due to inflation and the country's productivity expands in line with its GDP, it is crucial that salaries reflect these changes. Salary indexing ensures that employees maintain their purchasing power and standard of living over time, avoiding stagnation in real wages. This article explores the concept of salary indexing, its mechanisms, benefits, and the long-term advantages for both employees and employers. What is Salary Indexing? Salary indexing refers to the practice of adjusting wages periodically based on certain economic indicators like inflation or GDP. The goal is to protect workers' real wages against the erosion caused by infl...

Unlocking the Currency Puzzle: India's Challenge Against China's Competitive Edge

Why achieving net zero emissions is not so easy

World needs governance reforms to eradicate poverty and inequality