Government pay scale and inflation
May 22, 2015 00:00:00
The new government pay scale is going to be implemented soon. We saw inflation gripping the market in the past after the announcement of three pay commissions. Everyone presumes that a period of inflation may also follow once this new pay scale is implemented.
Generally the businessmen increase the prices of commodities in response to any salary rise in the public sector. Already some ciphers of price increase have been initiated in the market. As a result, people in the private sector are in trouble, because their salary is not going to be raised in line with the government pay- scale.
Inflation is likely to be linked with pay scale in a country like ours. But in Bangladesh, the matter is political in the sense that businessmen use the pay-scale rise as a pretext to push up the prices of commodities. The government has no control over the market and therefore has no role to play in determining the prices.
Now if there is inflation, this will add salt to the injury. But if the government takes an initiative, the inflation supposed to follow the pay rise can be checked.
Nargis Sultana
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