Sunday 26 June 2022

Nicaragua Ups Minimum Wage 9%

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DSC_7990-750x500TODAY NICARAGUA – After two years of not agreeing, the morning of Thursday, January 21, the Government, employers and trade union representatives agreed to a 9% increase in the minimum wage of workers in eight sectors of the economy and 8% for micro, small and medium enterprises (SMEs).

Through a tripartite agreement an adjustment to the minimum wages in all sectors was established at 9% , and 8% for SMEs.

The first lady and Communication Secretary of the Government, Rosario Murillo, had already formalized the increase almost an hour before the signing.

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“… The adjustment to the minimum wage will be made in two parts, the first from March 1 and the second from September 1, ” said the notice.

Article originally appeared at Todaynicaragua.com

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