Nicaragua: Differentiated Minimum Wage Agreed
Minimum wage adjustments for the next 6 months will be differential: 13%, 11% and 8%, depending on the industry.
Friday, May 15, 2009
The 13% readjustment applies to the minimum wage for agricultural workers (an increase of $9). The increase of 11% will be for the basic services sector, trade, transport, insurance and financial institutions, among others.
Costa Rican government employees earn up to 50% more than their peers in the private sector, and they have announced marches and strikes because they want to earn even more.
Through this move, transfers by private and state employers to the Nicaraguan Institute of Social Security will increase by $26 million.
A survey conducted by Pricewaterhouse Coopers indicated that 59% of surveyed companies do not plan to raise salaries.
Guatemalan business leaders have proposed measures to confront the economic crisis caused by increases in international oil and food prices.
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