tag:blogger.com,1999:blog-8356393.post1594751048144388706..comments2024-03-26T13:19:30.527+04:00Comments on Sleepless In Muscat: the highs & lows of inflation in OmanSleepless In Muscathttp://www.blogger.com/profile/05962503739046426605noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8356393.post-85534797052209541202007-02-28T15:18:00.000+04:002007-02-28T15:18:00.000+04:00Sorry, Foreign Direct investment.Yes, wages were i...Sorry, Foreign Direct investment.<BR/>Yes, wages were increased initially to compensate for the price increase. However, given that productivity of employees hasn’t really changed, an increase in wages will just increase prices even further in the future. Thus, the purchasing power of the average person remains unchanged, or maybe even worse off.Abdullah Al-Bahrani https://www.blogger.com/profile/01538837021738519512noreply@blogger.comtag:blogger.com,1999:blog-8356393.post-83587140218205085062007-02-28T12:54:00.000+04:002007-02-28T12:54:00.000+04:00Per Your Request:The wages were raised due to the ...Per Your Request:<BR/><BR/>The wages were raised due to the rise in product's prices.<BR/><BR/>And what's FDI?Sleepless In Muscathttps://www.blogger.com/profile/05962503739046426605noreply@blogger.comtag:blogger.com,1999:blog-8356393.post-52558772010761792192007-02-28T02:07:00.000+04:002007-02-28T02:07:00.000+04:00Maybe the higher prices of goods are due to the hi...Maybe the higher prices of goods are due to the higher cost (wages) associated with producing these goods. In regards to land, well its simple, more people are now competing for a limited resource.<BR/>I think that Taxes should be implemented (once I get the chance Ill post on why)<BR/>Increase in omani businesses and FDI will help increase employment opportunities in the country. <BR/>also, I agree transperancy is an issue.Abdullah Al-Bahrani https://www.blogger.com/profile/01538837021738519512noreply@blogger.com