Policy intervention crucial to improve wage outcomes

Policy interventions are required and have been deemed crucial in the labour market to improve wage outcomes, raise wages of low-income workers and reduce wage inequality.

According to the 'Economic Outlook 2024 Report' released by the Finance Ministry today, the introduction of the minimum wage in 2013 was a significant progressive step, but more needs to be done if the Madani economy framework’s target to raise the wage share ratio to...