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

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

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