Wage adjustments given to low-income earners and pensioners to compensate for the rising cost of living should be given twice a year, rather than being tied to the government’s annual budget, the ADPD has suggested. Malta’s green party argued that awarding cost-of-living-adjustment (COLA) wage increases mid-year would significantly help low-income earners get by during times of high inflation. Concerns about the rising price of goods and services have ramped up in recent weeks, after official data showed that food prices have been rising significantly. Church organisations worried Church organisations said on Saturday that they were seriously concerned about rising prices, warning that many people living in “hidden poverty” would be seriously impacted by rising prices. The organisations said that they were committed to help such families as much as possible and urged authorities to give “absolute priority” to those who faced ruin by the prospect of further price inflation. ADPD pushes for COLA change The ADPD also noted that it was low-income earners who faced the greatest hardship. The party has spoken previously about the need to increase Malta's minimum wage and revise the...
↧