Apr 07, 2022
In Welcome to the Arts Forum
Taking into consideration that the design of the system is prior to the scourge of the covid-19 pandemic and, therefore, rested on assumptions of a less complicated scenario, it should be assessed whether it will be sufficient to index salary and pensions to the Whatsapp Mobile Number List cost of a basket of goods and services in a specific market segment. What will happen if the price of the basket is higher, or what is the same, what will happen if the basket or part of it has to be purchased in other market spaces with higher prices? This will translate into a drop in real wages and social security pensions. An additional element stresses the effectiveness of the system: the partial dollarization of the Cuban economy. Although as of January 1, two Whatsapp Mobile Number List stop circulating in Cuba, true monetary unification will not have been achieved as long as the CUP Whatsapp Mobile Number List does not fully fulfill the functions of money in the domestic economy. Local governments, which have been empowered to determine the prices of the goods and services with the greatest impact on the population, should be cautious when setting prices, so that market shortages and arbitrage do not occur. The issue of prices is complex and part of the success of the system rests on it. It is insisted that abusive and speculative prices will not be allowed, especially by the non-state sector. But, at the same time, it is necessary to warn that the non-state sector is going to Whatsapp Mobile Number List face higher costs. Even though many do not require imports to operate, the rates for basic services will increase considerably and these increases will be passed through to the prices of goods and services. The cost of living is going to increase, which will also have an effect on the price level. This same logic applies to the informal sector of the economy which, in the face of chronic product shortages, will continue to exist.