TARIFF INCREASE AND FIXED MINIMUM WAGE BECAME MAJOR POLITICAL AND FINANCE ISSUES IN BOTH THE USA AND EUROZONE COUNTRIES IN THE LAST FEW MONTHS.

TARIFF INCREASE AND FIXED MINIMUM WAGE BECAME MAJOR POLITICAL AND FINANCE ISSUES IN BOTH THE USA AND EUROZONE COUNTRIES IN THE LAST FEW MONTHS.

      Demand for tariff increase and fixed minimum wage became major political and finance issues in both the USA and Eurozone countries in the last few months. Trade Unions and citizens warnings against repeated citizens indiscipline by protest and demonstration, due to their unheeded demands for tariff increase and fixed minimum wage increase in the various States of USA and Eurozone countries has obliged both the Executives and Legislators of various governments for the current changes in the governments policies for both tariff and fixed minimum wage increase in the various States and Eurozone countries. Few European Union Parliaments and the USA Senate have enacted legislations that have authorized the implementation and enforcement of varied tariff increase with limited percentage and a fixed minimum wage of eight euros to eight point five euros (E$ 8-E$ 8.50) and eleven dollars ($11), despite the variation in the mentioned countries. However, the European Union Parliament intention for a unified tariff increase and fixed minimum wage increase in Eurozone member countries may hurt small businesses, decrease governments annual income tax revenue and increase unemployment rate in the USA and Eurozone countries, specially of youth and graduate students.

                                                Written by Professor Godfrey Ohia.

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