Kuwait min wage plan three times world's highest

Posted by: SYR Tuesday, 12 March 2013 11:36 AM[UAE] - Kuwait

What a stupid suggestion by the idiots who unfortunately are members of the parliament. Kuwaitis don't need more money nor do we need another reason to keep Kuwaitis lazy. The parliament members should focus on more important/urgent issues such as healthcare, education, competitiveness of the market place, and the environment amongst other stuff.

Posted by: Thamir Ghaslan Wednesday, 27 February 2013 3:16 PM[UAE] - Saudi Arabia

Jealous and negative comments in 3... 2... 1...

Expats would be singing a different tune if they would easily be given citizenship.

Posted by: Qatari Thursday, 28 February 2013 3:18 PM[UAE] - Qatar

Spot on.

Posted by: Telcoguy Wednesday, 27 February 2013 6:18 PM[UAE] - UAEAN

If stating the obvious (the inflation tsunami of Matrix plus Doug's spot on comments on Kuwaitization of the workforce) is being "Jealous and negative" well yes I guess we are

I am really looking forward to your usual deep, fact-based analysis explaining how this is anything more than a crowd pleaser measure by someone who neither understands the implications now will need to bear the cost

Posted by: Telcoguy Wednesday, 27 February 2013 6:18 PM[UAE] - UAE

More to the point:
From http://www.arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/170903/reftab/96/Default.aspx

Head of the parliamentary budgets committee MP Adnan Abdulsamad described the budget as ?crazy? and said the price for oil needed to balance the budget is $85-90 a barrel.
?Ten years ago, we needed oil price to be at $18 a barrel to balance the budget, but now if oil slips below $85-90, we will be forced to withdraw from the assets to pay for wages,? Abdulsamad told parliament.


So now Thamir, please explain us how this additional spending will work. No rush, take your time, plenty of numbers to crunch

Posted by: you you fooling Wednesday, 27 February 2013 6:18 PM[UAE] - UAE

You could not pay me all the money in the world, unless I could get the privileges and not have to live there. (like most Kuwaitis do come to think of it)
Going to the avenues mall every night and swimming in dirty sea isn't the best life.
Even the Regency hotel I stayed at after a 100 000 million dollar refurbishment was empty.
Al Hamra Tower tallest sculpted concrete building in the world, 10% occupancy (I should know I produced the launch brochure for it)
The Business district is half empty as no outside firms want to work in Kuwait.
Ever wondered why arrivals at the airport on a Thursday is empty and departures is packed!!??
Keep your perks I would rather have a good quality of life(thats not money by the way!!).

Posted by: Matrix Wednesday, 27 February 2013 1:37 PM[UAE] - UAE

All Expats in Kuwait - expect massive increase in all charges - A Price and Inflation led Tsunami is coming your way if this gets approved as the locals would have all the money while u expats will be derived of it. What will happen is to sustain this every sector will push up the charges to pay for the increased wages. All foreign high value brands are in for good times!

Posted by: mumeen Wednesday, 27 February 2013 11:17 AM[UAE] - kuwait

This Minimum is not for the 'residents', but for the Nationals.

Posted by: Andy Wednesday, 27 February 2013 9:00 AM[UAE] - USA

This will help retail sales for Hermes and Porsche in Kuwait.

Posted by: Telcoguy Thursday, 28 February 2013 10:23 AM[UAE] - UAE

@Andy it is and it is not. It was certainly for my client, and indirectly for us because they had a hard time isolating the effect and providing an "Arab-spring free" P&L and needed our help; that opened the door

But if you stop to think about the long-term of this region, this summarizes the whole mindset, a huge "carpe diem". I guess that this is slightly better than going on a shopping spree with a credit card or a loan... but still. Maybe i have got too old and too grumpy, but when I was younger people had more self control and did not spend money so freely