Nicaraguan Minimum Wage Rises 6%

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

Friday, August 13, 2010

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.

More on this topic

Nicaragua: Minimum Wage Adjustment Every Three Years

August 2013

The proposal by the business sector, which includes negotiating and approving wage agreements every three years, aims to stimulate investment and create more stability.

The initiative would be presented to the Government and the trade unions by the Superior Council of Private Enterprise (Cosep).

Minimum Wage in Nicaragua to be Ratified

August 2011

Representatives of private enterprise, government and workers will meet at the National Minimum Wage Commission, scheduled for this week, to ratify a 6% increase starting from 16 August.

The agreement signed last February established a minimum wage increase of 13% to be applied in two stages, on Feb. 16 and on Aug. 16.

Minimum Wages Up 13% in Nicaragua

February 2011

As of February 28 an increase of 7% will be put in place, and another 6% during the second half of the year.

The increase was defined by a tripartite commission composed of government, unions and the private sector and it applies to the eight sectors of the economy.

"The National Minimum Wage Commission ratified the 8% salary increase for micro, small and medium enterprises (MSME)", states the article in 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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