minimum wage Government salary Economics Álvaro Colom Increased wages Bank of Guatemala Honduran National Business Council Carlos Ulbán Centro de Investigaciones Económicas Nacionales Comisión Nacional del Salario (Guatemala) Ministry of Labor (Guatemala) National Statistical Institute (Guatemala) Porfirio Lobo Sosa Supreme Court of Honduras

Minimum wages increased in Guatemala

President Alvaro Colom enacted the increase in the minimum wages yesterday, leaving workers from the maquila industry on the sidelines.

Monday, December 29, 2008

According to Prensalibre.com, "This increase represents 1.63% for workers in the city and 7.81% for workers in the field. Those who work in the maquilas will continue to receive a minimum wage of Q4.75 ($6.12) per day."

Source: prensalibre.com

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Álvaro Colom Bank of Guatemala

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Guatemala

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minimum wage salary Government

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.

Guatemala: Proposal to Increase Minimum Wage

September 2011

Textiles and clothing, among other sectors, would benefit most if the proposed increase is approved by the Commission on Salaries

The Joint Commission on Salaries (CPS) has proposed a 5% increase to the minimum wage, which could begin to take effect next year.

Although the increase must be authorized by the Salaries Commission, industry representatives believe that is a measure that will at least offset the projected increase for inflation, which is also 5%.

Minimum Wages Up in Guatemala

January 2011

The Government passed a decree increasing wages between 13.75% and 14.88%.

Workers in the textile industry should receive 14.88% more salary, while those in other sectors 13.75%.

Alvaro Colom “approved the decree after the National Salary Commission (CNS), composed of businessmen and worker union leaders, failed to reach an agreement during 2010”, explained EFE.

Guatemala: Between 5% and 7% increase in minimum wage

December 2008

The Government is analyzing giving a small increase in the minimum wage in order to compensate for the loss of purchasing power of workers.

Since business owners and workers unions can come to an agreement at the National Emergency Commission for Salary (CNS) the decision to grant an increase is left in the hand of the president.