With support from the business sector the wage adjustment which will be effective starting january 2015.
The increase in salaries approved by the National Wages Council is less than the amount requested by workers in the private sector; the difference is 0.90%. Requests from the various workers representations ranged from 2.91% to 5.7%.
The approved increase applies to the first half of 2014.
"The amount approved by the National Wages Council factors in projected inflation of 2.47%, 0.77% of cumulative inflation for the first half of this year and the adjustment for GDP growth in the last five years (0.54%)," says Patricia Recio in Nacion.com.
Entrepreneurs had proposed an increase of 3.60%, unions 3.96% and agriculturalists 3.24%.
The unions proposed to the National Wages Council an increase of 3.03%, plus an extra 20% over the next four years for minimorum minimum wages.
"This 3.03% corresponds to 2.47% for projected inflation and 0.56% for an outstanding debt. In addition, we propose that the minimorum minimum wage should be increased to 20% over four years until the percentage is reached, therefore in July there would be 8.03% for those workers, 3.03% of the normal rise 5% for the outstanding amount" said Edgar Morales, a member of the Union of Public and Private Sector (SITEPP).
The wage rise for workers proposed by government representatives and effective from 1st January, has been adopted by the National Wages Council.
Private sector workers’ wages will increase by 3.65% from the first of January 2013.
It is the highest increase in the past two years, during which agreements were made for rates of between 2.63% and 3.17%. This segment includes approximately 1,202,291 people, about 85% of the country's workforce.
Costa Rican business chambers have proposed to the National Wages Council a 3.62% increase in wages for the first half of 2013.
Elfinancierocr.com reports that "The Costa Rican Union of Chambers and Associations of Private Business Sectors (UCCAEP) proposed to the National Wages Council an increase of 3.62% for the private sector minimum wage to be effective for the first half of 2013. "
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Caribbean-Central American Action (CCAA) is a private, independent organization that promotes private sector-led economic development in the Caribbean Basin and throughout the Hemisphere.
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