American economist Steve Hanke says Zimbabwean teachers have rejected a 25% salary raise due to high inflation and that the hike is not the worth the paper and ink on which their contracts are written. 
Teachers says the 25 % hike is madness of the highest order, given that govt has raised police, soldiers and CIO salaries by more than 100% with effect from February 2021.
Govt wants to give the rest of the civil service 25% with effect from April, and an extra 50% from June.
Govt wants to give the rest of the civil service 25% with effect from April, and an extra 50% from June.
Teachers want restoration of the purchasing power parity of US$520 to US$550 or its equivalent, which was their salaries before President Emmerson Mnangagwa came to power through a coup in 2017.
Zimbabwe's inflation officially is 363% for February (Hanke says it's 176% by his own measure). So a 25% increase is meaningless, the teachers say.
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