A sudden decision last year to raise the minimum wage had to be reversed when it caused job losses and strikes across the country.First of all, did I read that correctly?
An INCREASE in the minimum wage led to STRIKES in Iran?
The job losses are predicted by classical economics, but supposedly in the US they do not really happen enough to matter. I am guessing they raised it too high in Iran.
Next, a snarky quote from the article:
Mr Ahmadinejad's anti-American bluster has also been attacked in light of his recent visit to Latin America, widely viewed as ill-timed and unnecessary. A reformist daily, Etemaad-e Melli, called the Venezuelan, Ecuadorean and Nicaraguan presidents, who embraced Iran's president, “left-wing friends, good for coffee-shop discussions but not for setting our security, political and economic priorities”.Ha ha, I like these Iranian reformists.
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