Iran’s labor market cracking under layoffs and inflation
Iranians described layoffs, unpaid wages and rising food and medical costs in messages to Iran International, while labor market data and local media reports pointed to a widening employment shock after the ceasefire.
“We do not know how we can go on with these prices. Yesterday I bought two sausages. It cost 1 million rials,” one viewer told Iran International, an amount equal to about 60 cents.
The strain is deepening as Iran’s minimum wage has fallen below $90 and the rial continues to lose value, hitting a new low this week.
