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Wage Increase Could Reduce the Country’s Competitiveness and Improve Purchasing Power only on a Temporary Basis
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During the Economic Awareness program, César Tánchez and Mario López Salguero analyzed the implications of the increase to the minimum wage in Guatemala, highlighting both its potential benefits and the risks it could generate in the national economy. Mario López Salguero explained how the increase to the minimum wage impacts on the rest of the salaries within the organizations and whether it really represents an improvement for the workers or o…
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