Price regulator pay hikes draw business criticism

An organization of employers says it objects to salary hikes decreed by the regulador general of the Autoridad Reguladora de Servicios Públicos. Workers there will get up to a 10 percent salary hike despite the Chinchilla administration austerity proposal for a bit more than 2 percent. The authority says it is not covered by that rule.

The organization is the Unión de Costarricense de Cámaras y Asociaciones del Sector Empresarial Privado. It said the salary hikes were disproportionate at a time when the central government seeks to raise taxes.

The organization said that figures from the Banco Central show that prices regulated by the agency have increased 30 percent in the last year.

This entry was posted in Costa Rica News. Bookmark the permalink.