Minimum wage rises 18% in Nicaragua
The Government decreed an 18% raise in the minimum wage for government and private sector employee which should come into force on October 1.
Friday, September 26, 2008
The new minimum wage for workers was unilaterally set for the first time by the Nicaraguan Executive after the other parties, unions and businesses, could not reach an agreement after 60 days of negotiations, the source said.
The Executive has established a rise of between 15 and 18% in the minimum hourly wage, depending on economic activity, occupation and the size of the business, across the country.
Workers in Costa Rica's private sector are about to get a 6.58 percent raise.
With the approval by the Executive, an 8% increase in the minimum wage will come into force on May 16.
The wage rise for workers proposed by government representatives and effective from 1st January, has been adopted by the National Wages Council.
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