Saturday, January 1, 2011

Straight Hair Sew In With A Bang

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Concluyó 2010 en medio de una fuerte expectativa por el incremento del salario mínimo legal en Colombia que, asimilado como un precio muy importante en el mercado, supone un parámetro interesante para el funcionamiento de la economía. Como se vio, el salario tuvo un incremento del 3,4%, ciertamente una tasa de incremento bajísima y que será aún más baja cuando en este mes de enero que inicia se sepa cuál fue la inflación causada durante 2010. Si las expectativas incubadas por productores y consumidores se cumplen, el incremento real del salario mínimo será aún más bajo que el 2%. Además, el salario mínimo sirve de parámetro para definir otros precios, como las multas de tránsito, cuotas de compensación militar, servicios médicos entre otros valores de uso cotidiano. Esto aunado a que antes de finalizar 2010 ya los colombianos sabíamos que otros bienes, como los combustibles, subirían sus precios.

Ante ese panorama podríamos gritar junto a las centrales obreras que el Gobierno se apartó de los trabajadores más pobres y se alineó a los intereses de las clases empresariales que buscan pagar lo menos posible a sus empleados. The answer is yes and no. Entrepreneurs are aware that much of its costs are in wages, the Government is aware that the Colombian economy has many of its bases in households and workers know that this situation precipitated with ease inflationary pressures.

say two things: Colombia, as a girl and emerging economy yet, it fails to sustain its economic performance in a heavy accumulation of capital, in innovation, technological change, but in unskilled labor. Also, given their precarious economic liberalization, domestic demand often determines the pace of growth of GDP, making the country prone to frequent crises, severe contractions, pronounced booms and increases susceptibility untimely manifested in price levels. Colombia produces many commodities and goods of very low added value that makes them susceptible to changes in prices resulting from supply shocks and demand results, for example, foreign capital inflows, often speculative, natural phenomena, relaxation of the rationalization of credit, among others. Hence, raising the minimum wage in a country dependent on domestic demand could boost the economy, yes, but at a cost of inflation suggests that the problem does not dwell on how to vary the minimum wage, but in the very structure of the Colombian economy.

Consider the case of Spain. In 2012, the English labor unions aspire to the minimum wage of workers comes to 800 euros. While the socialist government supports such a possibility, employers still have reservations and scholars are divided. The main argument is that much of the inflationary pressures are viewed as margins come from the business, although consumption in Spain is important and will suffer, of course, to a significant change in family income, structure English economy could ensure that a minimum wage increase does not have the impact it would have in Colombia, in large part because the weight of venture capital is much higher in Spain, as they do have the consumption of enterprises.

Raising the minimum wage by 3, or 10% in Colombia will be needed in the money economy, as shown, generates price increases, often anticipating the implementation of the new salary amount. Will there be any outbreak of inflation, most likely, and expected that the increase in wages is diluted rapidly rising prices. The solution the problem is far from determining a market price mechanism that ignores minimum and maximum, perhaps the answer lies and lies, inter alia, the need to modernize the production structure in Colombia, enabling cost reductions in processes and products and generate an impact real market: more and better products at lower prices in an environment of higher real wages result. Otherwise the minimum wage remains the hope of the poor. And with a minimum wealth hardly reach the poorest.

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