Central Bank Quantifies Negative Impact on Job Creation of Minimum Wage Increases and 40 Hours

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In its September Ipom, the Issuer addressed the effects that would be behind the current levels of unemployment.

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"In the past year, various supply and cost shocks, including the rise in the minimum wage and the 40-hour law, account for most of the rise in labour costs and have negatively affected employment," he said.

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The powerful Confederation of Production and Trade (CPC) coincided with the Central Bank’s report regarding the negative impact on employment that labour measures such as the minimum wage and the 40 Hours are having. In a letter to El Mercurio, CPC president Susana Jiménez said that since [...] The CPC entry coincides with the Central’s negative effect on minimum wage employment was first published on INFOGATE.