More

    Minimum Wage in Costa Rica Rose a Moderate 2.7% During 2014

    Must Read

    TCRN STAFFhttps://www.TheCostaRicaNews.com
    Creating a Conscious alternative news network that we feel the world needs. Pura Vida!

    The Costa Rica News (TCRN) – The minimum wage in Costa Rica grew moderately during 2014 compared to other Latin American countries.

    Wages rose 2.7 percent from December 2013 to September of this year, which was slightly higher than the regional weighted of 2.1, according to data from the International Labor Organization (ILO).

    The countries that recorded the highest wage increases were Bolivia, Panama and Paraguay with 16, 11.5 and 7.3 percent respectively.

    Costa Rica, meanwhile, is among the nations with less than three percent growth, along with Brazil, Guatemala, Mexico and Colombia.

    According to Natalia Morales, researcher at the State of the Nation, in the nineties Costa Rica had a policy of increasing minimum wages regularly, which improved conditions for workers. However, in the early 2000’s the minimum wage policy changed, which has resulted in stagnation since that time.

    In Costa Rica, the minimum wage is adjusted every six months, with a tripartite agreement between workers, employers and government authorities. (Amelia Rueda)

    The Costa Rica News (TCRN)

    San Jose, Costa Rica

    - Advertisement -

    Subscribe to our newsletter

    Get all the latest news, events, offers and special announcements.

    Latest News

    Epitalon Peptide: Research in Cell aging

    Epitalon, also known as epithalon or epithalamin, is a synthetic tetrapeptide (Ala-Glu-Asp-Gly) derived from the naturally occurring polypeptide epithalamin,...

    More Articles Like This

    Language »