Share of wages in price of goods, services scrutinized

Financial Tribune – The end price of goods and services is influenced by several factors, but wage as a percentage of price is not the same number to workers and employers.

IRNA asked representatives of workers and employers as well as a labor market expert in this regard.

Nasser Chamani, representative of workers in the Supreme Labor Council, rejects as scientifically baseless any significant effect of rising wages on the end prices of goods and services.

“Studies shows the share of wage in price is between 5-6%. In fact, this is one of the subterfuges used when it comes to setting wages at the end of each year to prevent wage raises,” he said.