PPRuNe Forums - View Single Post - Joining Qatar Airways (QR) - all you need to know about it (threads merged)
Old 10th Aug 2013, 13:58
  #6494 (permalink)  
Join Date: Feb 2008
Location: italy
Posts: 181
The problem is it's not really a pay rise for the locals, because it's a closed loop system.

What it does mean is that we get a burst of inflation with more cash printed (60% public sector pay rises) chasing almost the same amount of commodities, goods and service. Thus causing price inflation if there is not any government price controls.

In a system without taxation and limited internal competition or production it can be a tricky situation for any economy, with all the extra readies sloshing about.

Personally I would like to see a pension/savings fund instead of a pay rise. This would be able to keep up with inflation in the home country rather than adding to domestic money supply. I believe the other two major players in the region offer this...
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