Minimum Wage Increase Will Be 5%, Santiago Peña Announced

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www,finanzasdigital.com The 5% increase in the minimum wage in Paraguay, which will take you to 3,044,000 Guarani monthly ($500) as of July 1, generated... The post Paraguay: unions question the adjustment of the minimum wage to $500 appeared first on Digital Finance.

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“After an in-depth analysis and the conclusions of the National Minimum Wage Commission, I have made the decision to increase the minimum wage above the inflation calculation,” the president announced in his management report presented on Wednesday night. The consideration of the loss of purchasing power and the real evolution of wages, together with the Consumer Price Index, was precisely the recommendation raised yesterday by the National Mini…

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The President of the Republic, Santiago Peña, presented his third management report to the National Republican Association (ANR), where he announced the increase in the current minimum wage. Santiago Peña confirmed a 5% increase in the current minimum wage. Photo: Presidency As reported by the president, the increase will be 5%, which is exactly twice the percentage stipulated in the technical calculation formula. Peña said that the increase acc…

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The President of the Republic, Santiago Peña, presented his third management report to the National Republican Association (ANR), where he announced the increase in the current minimum wage. Santiago Peña confirmed a 5% increase in the current minimum wage. Photo: Presidency As reported by the president, the increase will be 5%, which is exactly twice the percentage stipulated in the technical calculation formula. Peña said that the increase acc…