Nicaragua ponders minimum wage increase

Nicaragua's Labor Ministry is preparing to sit down with business and labor representatives on July 24 to discuss the nation's minimum wage.

Tuesday, July 15, 2008

In Nicaragua, the minimum wage is applied to nine sectors of the economy and must be adjusted every six months.
Inflation is currently running close to 12 percent per year. The minimum wage is currently 1,901 cordobas, or just under 100 dollars, per month. Union leaders say that barely covers 12 percent of the cost of the basic consumer basket of goods.
The minimum wage was increased by 15 percent last January.

More on this topic

Guatemala: Minimum Wage Increase Under Discussion

December 2012

The business sector proposes an increase of 2%, while employee representatives are asking for 47%.

The current minimum wage is Q62, 5 ($7.95) per day, for the export and maquila sectors and Q65 ($8.27) per day for agricultural and nonagricultural sectors.

The final debate is scheduled for tomorrow, December 7 and if a consensus can not reached, the President will make the final decision.

El Salvador: $300 Minimum Wage Proposed

September 2012

The Salvadoran labor sector has already submitted proposals to the government, which said that it will set the minimum wage in the next year.

An article in Laprensagráfica.com reported; "Next year we will revise the minimum wage received by Salvadoran workers, but suggestions have begun to emerge, said Humberto Centeno, Minister of Labour and Social Welfare."

Nicaraguan Minimum Wage Rises 6%

August 2010

The 6% increase will apply from next Monday 16 August to both the public and private sectors.

In February the Nicaraguan government, businesses and unions agreed a total increase of 12% for 2010, to be applied as two half-yearly 6% adjustments.

Union leaders sought a larger rise in this second half of the year but in the end, "they signed the document, laying aside the proposal that the minimum wage should increase in line with the basic shopping basket," reports Laprensa.com.ni.

Honduras launches talks on increase in minimum wage

May 2008

Trade union and business leaders are studying the impact of the surge in oil prices on the prices of basic necessities with a view to raising the minimum wage, Labour Minister Mayra Mejía confirmed.

Last year the government agreed to an increase of 403 lempiras (US$21) in the minimum wage, but labor leaders complained that it was almost immediately rendered worthless by inflation.

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