Archive for October 16th, 2007

Two pictures are worth 10,000 words: Despite the Government´s voracity, real salaries do not show benefits

October 16, 2007

  

On the left, the Government’s voracity as it increased the budget from 17% of GDP to 30% last year. (GDP is up!). Despite this, Government’s statistics reveal that the average salary of employed workers adjusted in real terms, has not increased at all!!!

Thus, there is voracity, but the inefficiency is even worse!!!

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