With economic stabilization on the horizon, pressure from employers, particularly from white-collar urban workers, is mounting for wage increases.

Wages are likely to rise in 2025, which will stimulate overall demand, with its effects becoming apparent shortly thereafter. This could trigger a wage-price spiral, potentially bringing slight inflationary pressures alongside modest economic growth.

In recent years, bargaining power has largely rested with employers, leaving employees at a disadvantage. Inflation soared while wages stagnated, eroding real incomes. Higher taxation on salaried and self-employed individuals further reduced disposable incomes, prompting some professionals to leave the country while others adjusted their lifestyles.

Now, the tide is turning. Demand is picking up in certain sectors, and employers are struggling to find or retain the right talent, as a significant portion of the employable workforce has sought better opportunities abroad. Bargaining power is shifting to employees, making wage increases inevitable—especially in the finance and ICT sectors.

“We used to have ten chartered accountants in our firm, but now we’re down to three. Two have moved locally to double the pay, while five have left the country. The situation is........

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