Labour Consultant Austin Gamey has condemned the government's 10% salary hike for public sector workers, cautioning that it may intensify inflationary pressures and further burden the economy.
In an interview with Citi News following the announcement, Gamey described the wage adjustment as excessive and argued that even a 1% increase in public sector wages could push the economy into a higher inflationary bracket, ultimately affecting everyone, including the very workers benefiting from the raise. "I would have preferred it lower because even a 1% adjustment on the public sector wage takes us to another inflationary bracket, and that comes back to bite all of us, including them," he cautioned.
While acknowledging that private-sector wage adjustments often align better with economic realities, Gamey maintained that the 10% increase was not the best approach. "The private sector responds well, but the public sector doesn't respond well.
So, for fairness, the 10% is about the best for now.
