On the flip side, however, we see that the Brazilian Congress just approved an increase in the minimum salary – a metric that determines both the nation's minimum wage and transfer payments.
Poverty can be solved only with profitable wagepayments and lower costs of living arising from increasing productivity.
只有让企业支付有利可图的工资,通过提高生产率来使生活成本下降,贫穷问题才可以得到解决。
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Under current rules, Brazil's minimum wage will rise by 7.5% in real terms next year—at huge fiscal cost, since pension payments are linked to the minimum wage.