Saudi Arabia’s Ministry of Human Resources recently announced an increase to the monthly minimum wage from 3000 SAR to 4000 SAR for full-time Saudi workers in April 2021, and introduced a Labor Reform Initiative (LRI) scheduled to take effect on 14th March 2021. Discuss the implications of the above topic. Will this impact unemployment in the country? How?
Saudi Arabia’s Ministry of Human Resources recently announced an increase to the monthly minimum wage from 3000 SAR to 4000 SAR for full-time Saudi workers in April 2021, and introduced a Labor Reform Initiative (LRI) scheduled to take effect on 14th March 2021. Discuss the implications of the above topic. Will this impact unemployment in the country? How?
Chapter7: Unemployment And Inflation
Section: Chapter Questions
Problem 1.3P
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Q1: Saudi Arabia’s Ministry of Human Resources recently announced an increase to the monthly minimum wage from 3000 SAR to 4000 SAR for full-time Saudi workers in April 2021, and introduced a Labor Reform Initiative (LRI) scheduled to take effect on 14th March 2021.
- Discuss the implications of the above topic.
- Will this impact
unemployment in the country? How?
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