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Government Announces Two-Stage Minimum Salary Increase: First S/100 and Then S/70
Summary by El Comercio
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The Minister of Economy and Finance, Elmer Cuba, reported that the government evaluates to increase the minimum vital remuneration by two separate increases. The proposal contemplates a first increase of S/100 and a second of S/70, with the aim of raising the purchasing power of those who receive the minimum salary.
·Lima, Peru
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The increase will be implemented gradually to reduce its impact on employment and company costs.
·Lima, Peru
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