“A High Wage Bill Can Undermine Economic Growth and Job Creation by Causing High Aggregate Demand Which Results in Inflation; A Higher Wage Bill is a Perfect Recipe for Economic Implosion; It Will Lead, Inevitably, to Reduction of Expenditure in Vital Social Areas Like Education and Health! Therefore, Managing the Wage Bill at Sustainable Levels is Key to Unlocking National Resources for Purposes of Development Expenditure, Improving Productivity, Service Delivery and Overall Economic Growth!” – Deputy President William Samoei Kipchirchir Arap Ruto.

Posted: July 22, 2013 in Politics/Current issues
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