Paraguay Minimum Wage Hike
5 articles from 1 country
Paraguay's government has approved a 5% minimum wage increase, effective July 1. Importers criticize the hike as lacking technical basis and exceeding inflation, while some workers deem it insufficient. Unions have labeled the increase a 'scam'.
Asimcopar: Minimum Wage Hike Without Technical Basis Hinders Investment
- Paraguay's importer association, Asimcopar, criticizes the 5% minimum wage increase, stating it doubles the technical inflation rate of 2.4%. - The association argues the presidential decree lacks technical basis and harms foreign investment and business costs. - Asimcopar proposes a new system for wage adjustments involving tripartite negotiations and congressional legislation.
Paraguay government formalizes 'balanced' 5% minimum wage adjustment
- The Paraguayan government has officially approved a 5% increase in the minimum wage, effective July 1. - The new minimum wage will be 3,044,000 guaraníes per month, approximately $500 USD. - Busines…
Minimum wage: workers speak of insufficient increase and fear of further price hikes
- Paraguayan workers express mixed reactions to a 5% minimum wage increase, deeming it insufficient for basic needs. - Some fear the raise will trigger price hikes on essential goods and services, neg…
Paraguayan union calls 5% minimum wage hike a 'scam'
- Paraguay's Classist Combatant Current (CCC) union labeled the 5% minimum wage increase announced by President Santiago Peña as a "scam" and a "mockery" of workers. - The union argues the new wage is…
Paraguay's President Adjusts Minimum Wage Upward by 5%
- Paraguay's President Santiago Peña announced a 5% increase in the minimum wage. - The new minimum wage, effective July 1, will be approximately 3,044,000 guaraníes ($500). - Peña stated the increase…