Business chamber suggests a 3.17 percent wage hike Jan. 1

The country’s business chamber is suggesting a 3.17 percent increase in the minimum wage as of Jan. 1.

The Unión Costarricense de Cámaras y Asociaciones del Sector Empresarial Privado presented that proposal Thursday to the Consejo Nacional de Salarios, which will set the increase. Union representatives are likely to seek a higher increase.

Usually about every job category has its own minimum wage, including categories that simply require a college degree. Many Costa Ricans work at the minimum level because they know they will get a raise every six months and that there are additional advantages to employment here, like
the annual aguinaldo or Christmas bonus.

The business chamber said that the economy is increasing slowly and irregularly in various sectors but that this is not a reason to pass the cost of economic deceleration on to the workers.

The country’s Instituto Nacional de Estadística y Censos said that the accumulated inflation for the first nine months of the year was 3.23 percent and that the inflation from October 2010 to September 2011 was 5.17 percent.

These are figured that the Consejo will study in an effort to set an equitable increase.

The new wages will cover the period from Jan. 1 to June 30.

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