Business chamber proposes a 2.47 percent salary increase

The business sector has proposed minimum wage increase of 2.47 percent for the second half of the year.

That is in contrast to a proposal by labor leaders for an increase of almost 6 percent.

The proposal was by the Unión Costarricense de Cámaras y Asociaciones del Sector Empresarial Privado to the Consejo Nacional de Salarios, which will make the final decision.

The business chamber said that the proposal was based on the Central Bank estimate of 5 percent inflation this year and on a formula that was approved by both business and labor in the past.
The chamber noted that the minimum wages were increased at a rate of 3.17 percent for the first half of the year.

There are 1.2 million private sector employees, and many of them will be affected by the increase, the chamber noted.

Many Costa Ricans work for the minimum wage, which is different for each occupational group. The business chamber proposal would mean a series of monthly raises ranging from about 4,500 colons or $9 to 12,000 colons (about $24) for the range of minimum salaries.

Government worker are not covered by the minimum and negotiations for these salaries are not on the table now. Also outside these negotiations are professionals, whose salaries usually are set by their various professional groups.

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