60% increase in minimum wages in Honduras

Businessmen point to negative effects due to the measure, such as the loss of competitiveness because of cheaper labor in neighboring countries such as El Salvador, Nicaragua and Guatemala.

Monday, January 5, 2009

According to elsalvador.com, "workers who earn 3,400 lempiras (some $170) will now earn 5,500 lempiras (some $300).

Amilcar Bulnes, president of the Honduran Private Businesses Council, lamented that the Honduran Government has raised wages to the same level as Costa Rica, which has a higher income than the rest of countries in Central America, except for Panama.

"We will not be surprised if at some point in time, the Honduras Beer Company or some other industry leaves for El Salvador, since the other countries are competing to attract foreign investment," the business leader warned.

More on this topic

Costa Rica: Employers Offer Pay Rise of 3.62%

October 2012

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. "

Costa Rica Discusses Changes in Minimum Salary Model

June 2010

The business sector agrees with unions in the need to modify the current scheme, but differ in how to implement it.

Unions want changes “that recognize past inflation and at least half the expected inflation for the current year”, said Mauricio Castro, director of the National Association of Public Employees.

Costa Rica: 5% Wage Increase for Private Workers

October 2009

Starting January 1, 2010, all private workers earning minimum wage must have their salaries increased 5%.

Representatives of Costa Rican Worker Unions had requested a 7.74% increase, whilst the Union of Business Chambers and the Private Enterprise had offered 3.9%.

This afternoon, the National Wages Council approved a 5% wage increase, which is 1% above the expected inflation rate for the second half of 2009.

Minimum Wages Law to be challenged in Honduras

January 2009

The Private Sector Council of Honduras is recommending to its members that they challenge the executive decree increasing the minimum wage in the Supreme Court.

According to proceso.hn "they also asked President Manuel Zelaya to amend his decision to increase minimum wages to 5,500 lempiras.

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