ILO has issued Global Wage Report: Update 2009, which among other things looks at the impact of economic crisis to real wages. Due to fall in output and decline in prices, most of the poor will continue to be affected by the economic crisis. Another impact of the crisis in to those who were receiving the minimum wage, becoming unemployed as companies and industries are closed down.
Though the government with support from donors have set up some bail out mechanism to help those sectors mostly affected by the crisis, my worry is on how those rescue plan will benefit normal citizen especial those in agriculture (which is said to be the backbone of our economy).
I remember Mr President assured us, that we will not be affected by the global economic crisis as we are not closely linked to the financial market, but with all the impact felt in Tanzania, I wonder what kind analysis or analyst he used to come to that conclusion
Global Wage Report 2008/09
Adam Jackson Foya
P.O.Box 42329 Dar Es Salaam,Tanzania