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Petro's Great Economic Confusion Will Take Us All.
Summary by La Silla Vacía
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1 Articles
Mr Petro, who is unfortunately president of Colombia today, insists on presenting himself as someone who “studied economy.” However, the decree he signed, by which he imposed a minimum wage increase of 23%, bringing monthly income above 2 million pesos, is not a simple administrative act: it is a macro-economic intervention of high impact that alters the cost structure, relative prices and dynamic expectations of the entire economy.
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