27 September 2015 (01:31 UTC-07 Tango 01)/05 Mehr 1394/13 Dhu l-Hijja 1436/15 Yi-You (8th month) 4713
For the third year in a row the little known country of Transnistria is driving down the minimum wage. This year it’s being dropped by the equivalent of $6 USD. (the report I read did not specify but I think that’s per month)
Transnistria just happens to sit on the border with NATO puppet Ukraine.
The Ministry of Social Protection and Labor blames the mandatory reduction in wages on what they’re acting like is hyper-deflation in the food markets (declining prices of food). Basically the food markets are flooded with too much food, too much supply versus demand so the prices crash. Administrators say the reduction of wages is inline with declining food prices and therefore shoppers should not notice a difference in their purchasing power.
.svg/2000px-Flag_of_Transnistria_(state).svg.png){kind=spacer}
Note Transnistria’s flag is the old Soviet Union flag with a horizontal green stripe down the middle.
Another thing, the ministry’s data shows food prices falling by less than 1% per quarter, that’s not hyper-deflation. Apparently Transnistria is so small that the administrators are afraid of any little blip on their economic radar. (when it comes to national economies geographic size and population density does matter)
I think what the administrators of Transnistria are really afraid of is hyper-inflation which could result if wages stayed the same, allowing people to buy way more than they need resulting in lack of supply, thus forcing prices up.
Major insurance company says prepare for World War F!