Tuesday 19 January 2021

Minimum Wage Negotiation Begins in Panama

The union sector aims for a minimum wage of US$1,040 by 2020, but employers say the current economic situation does not lend itself to substantial increases.

Workers, employers and government representatives in Panama are discussing adjustments to the minimum wage, the changes to which must come into effect on January 1, 2020, the union sector aiming for a minimum wage of US$1,040, but employers say the current economic situation does not lend itself to substantial increases.

Genaro Lopez, general secretary of the National Confederation of Trade Union Unity (Conusi), told Laestrella.com.pa that “… According to our economists, the household that does not receive US$1,040 cannot satisfy its basic needs. In addition, this would be an orientation for the new salary to be at least in that figure.”

- Advertisement -

Severo Sousa, former president of the National Council of Private Enterprise (Conep), explained that “… the sector does not disagree with an increase, rather they do not support the excessive income that is not in accordance with the current reality. We have become accustomed to an increase in salary; however, the law does not establish that it should be increased, but rather talks about revising it. The country’s current economic situation does not lend itself to further increases.”

The minimum wages that are in force in the country are differentiated, and for the years 2018-2019 were set at US$721 for Region 1 and US$563 for Region 2.

For more Panama news visit TodayPanama.com

- Advertisement -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Q24N
Q24N is an aggregator of news for Latin America. Reports from Mexico to the tip of Chile and Caribbean are sourced for our readers to find all their Latin America news in one place.

Related Articles

Cuban doctors arrive in Panama to attend Covid-19 crisis, despite warnings from the U.S.

TODAY PANAMA – A group of 220 Cuban health workers arrived...

Ministry of Health of Panama misinforms about vaccines purchased by Costa Rica

QCOSTARICA - It's unclear why the Ministry of Health of Panama...

MOST READ

Legislators urge President Alvarado to present the bill on medicinal cannabis and hemp

QCOSTARICA - Given the economic boost that the bill on Cannabis for Medicinal and Therapeutic use and Hemp for Food and Industrial use (Ley...

Gordon Ramsay in Costa Rica: famous chef walks in Limón and tasted the spoon of a Caribbean soda

QCOSTARICA - Kisha More Bent will never forget Monday, January 11. That day, starting in the afternoon, she served rice and beans and a...

Ticos lose respect for the new coronavirus, lower their guard

QCOSTARICA - Costa Ricans (Ticos) went from not knowing a single suspected or confirmed case of covid-19 in April to learning of four or...

Tourist arrivals to Costa Rica fell 68% last year compared to 2019

QCOSTARICA - Arrivals of foreign tourists to Costa Rica by all routes fell 67.7% last year, compared to 2019 figures, although that third is...

Costa Rica has received 87,750 vaccines in less than a month: fourth batch arrived this Tuesday

QCOSTARICA - Since the first batch of 9,750 doses of the covid-19 vaccine on December 23, 2020, Costa Rica has received three more shipments...

Why do JLo’s vacation photos cause controversy?

Q MAGAZINE - Actress and singer, Jennifer López, went on vacation in the first days of the year to enjoy with her family, but...

Australian doctor’s at-home Covid test approved by FDA

(AFP) An Australian doctor who began inventing virus detection tools as a "hobby" is now helming a mammoth effort to ship the first non-prescription...

Ortega Regime Promises Vaccines, with No Details

TODAY NICARAGUA – Former Nicaraguan health minister and current presidential advisor Carolina Davila has announced that COVID-19 vaccinations will begin in 2021. Her announcement...

Dog walking the beach in Santa Teresa

Dog walking the beach in Santa Teresa Beach, Puntarenas, Costa Rica Photo by Ricardo Arce via Unsplash.

Want to stay up to date with the latest?

We would love to hear from you! Please fill in your details and get updates daily in your mailbox. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.