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fixed-income-employee-purchasing-power

Private sector anxious as govt pay scale fuels inflation fears
Private sector anxious as govt pay scale fuels inflation fears
Private sector employees are filled with anxiety over the announcement of the new pay scale for government employees. These fixed and limited-income employees fear that under the influence of the government salary hike, all expenses - ranging from the commodity market to house rent - will jump astronomically, while their own incomes will remain unchanged. Economists said the pay scale’s impact creates an excess money flow in the market, which increases demand and directly accelerates i...
Business•01 September 2026