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It is not about the amount of the minimum wage, it is about the value of the currency it is being paid, you can pay 1 million minimum wage and they will still be very poor because the currency has lost value.
“Minimum Wage: We Are Working On What We Can Pay Sustainably – Govs - Channels Television
However, the governors said they remain committed to the process and promised that better wages will be the invariable outcome of ongoing negotiations.

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