Wages and Prices
The government influences prices through the large state-owned sector. According to the Ministry of Economy, the state regulates the prices of goods and services provided by monopolies and the prices of electric or thermal energy, land, medical services, and services offered by local tax regions. Moldova has two legal monthly minimum wages: one wage for state employees and another, higher wage for the private sector.
In 2010, the average monthly salary in the private sector was 3211 lei (equivalent of 272.11 U.S. dollars), up by 8.4% against 2009.
Read more about this topic: Economy Of Moldova
Famous quotes containing the words wages and, wages and/or prices:
“I hear ... foreigners, who would boycott an employer if he hired a colored workman, complain of wrong and oppression, of low wages and long hours, clamoring for eight-hour systems ... ah, come with me, I feel like saying, I can show you workingmen’s wrong and workingmen’s toil which, could it speak, would send up a wail that might be heard from the Potomac to the Rio Grande; and should it unite and act, would shake this country from Carolina to California.”
—Anna Julia Cooper (1859–1964)
“If the wages of sin are death, what else, I should like to know, is the wages of virtue?”
—Samuel Butler (1835–1902)
“To expect to increase prices and then to maintain them at a higher level by means of a plan which must of necessity increase production while decreasing consumption is to fly in the face of an economic law as well established as any law of nature.”
—Calvin Coolidge (1872–1933)