Bulgarian Nationalist Leader Proposes EUR 700 Minimum Salary
Bulgaria's ultra-nationalist Ataka party submitted a proposal for increasing the minimum salary to EUR 700.
According to the party's leader Volen Siderov, the minimum salary in Bulgaria must be raised to match western European levels, bTV reported.
The proposal was submitted on Tuesday to the Ministry of Social Policy and Labor. It remains to be reviewed by an expert panel of representatives from the Ministry, the labor unions, and employers.
Siderov has been critical of foreign companies and large retail chains operating in the country, claiming they earn enough profit to be able to afford paying such salaries.
The nationalist added that if his proposals in the social policy sphere are neglected, "this government will prove useless".
- » KTB Majority Shareholder to Demand Int'l Expertise on Bank Insolvency
- » Bulgaria PM Renews Calls on C-Bank Governor to Resign
- » Coalition Partners to Negotiate over Controversial Appointment
- » Bulgaria is Starting to Emerge from 2-year Political Chaos – Right-Wing Leader
- » Bulgarian Politicians Renew Dispute over Turkish-Language News
- » Bulgaria Gov't Seeks to Reinstate Rumen Porozhanov as Agriculture Fund Head
Behmoth, I am not going to hurl insults at you.
Bulgaria is the poorest country in the EU and in Europe only Serbia, Albania and Macadonia are poorer than Bulgaria.
Raising the minumin wage could help, it is an issue that should be debated and investigated by parliament.
That is what parliament and polticans are for.
"This is 5 EUR per hour it is not enough, ok you rich right wing people want to keep people poor so you can exploit them."
I was just explaining something elementary about market economy and the free movement of capital. This is how it works, if you like it or not. Increase the minimum wage and a lot of jobs will move somewhere else.
And hey, it's not true that I want to keep people poor. Let's introduce a minimum salary of 7000 Euro in Bulgaria - and everyone will be rich! (Except for the 99.9999% unemployed you are going to have then) I hope Bolen and you will be very happy then!
Is it really so difficult to understand that increasing the wages above the market equilibrium level necessarily will lead to a sharp increase in unemployment? Are you really that dumb not to understand this? Because the world is not like in your wishful thinking, everybody with a more realistic perception and some knowledge about economy is "rich" and "right wing"? When you really believe that, you are - with all due respect - a complete idiot.
Vladimir, you make good points, yes there is a big risk of jobs going to India and China but I think at 5 Eur per hour for companies staying in Europe Bulgaria would be competitive.
So in theory I like the idea in practice I share your concerns.
What I would like is for the idea to be debated in parliament and the points for and against it documented and discussed.
"I used to work in France but I had to leave. Why?"
No need to explain Vladimir. The French don't need people with your "abilities" (i.e. the lack of any abilities, as everybody can deduct from the "quality" of your postings). You are just another loser like all the other sa-shas, Optimists et al. Got kicked out of the real world and now finish off your miserable lives as Putka's as*lickers.
I support raising the pay, but realistically I don't. Due the outcome will be rises in prices, foreign companies will be gone to other countries, and maybe even Bulgarian ones... The issue is that employers want to hire people as cheap as possible, even it means relocating to another country, such as India.
I used to work in France but I had to leave. Why? Because the greedy company relocated to India instead of paying wages in France, or the whole western europe for that matter. If the western europeans are jobless, then who will buy their crappy products anyway?
I do not want this to happen in Bulgaria so unfortunately raising the minimum pay will make make matters worse. As long as it's run by greedy businessmen, the world won't be as good as it should be.
what exactly is "good and useful" about that proposal?
Maybe that a very big part of the jobs would simply disappear because no employer in Bulgaria can afford to pay 700 Euro for unskilled labor? Or that this proposal will increase informal economy a lot? Or that many workers will be replaced by machines? Or that it would kill several labor-intense sectors in Bulgaria off completely and for good? Or that investors will close down their production in Bulgaria and will move to more competitive destinations with more efficient workforce and less idiotic politicians? On which planet are you living?
Mr. Volen, this is a good and useful idea. I hope you propose it in parliament. I like what you did in getting legislation passed to prevent foreigners buying farm land.
Your party proves that democracy is alive in Bulgaria when the smallest party in power can get its ideas into law.