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As detailed by the minister of Labor, Rolando Castro, the decision was made during the meeting held with the CNSM, where representatives of the private enterprise, the labor sector, that is, workers and the government were present, and finally said that more than 522 thousand employees will benefit from the approval.
This new subsidy will be financed through a trust that will be administered by the Banco de Desarrollo de El Salvador (BANDESAL), for one year, to help micro, small and medium enterprises (MSMEs).
Minimum wages in El Salvador, effective as of january 1, 2018, are US$304.17 per month for commerce, services and industry; US$299.30 for textile and apparel maquila; for agricultural workers US$202.88, according to the Consejo Nacional de Salario Mínimo.
With the increase in the minimum wage, for the different productive sectors of the country, the new salary for industry, commerce and services would be US$365, maquila, textile and apparel US$359.16, coffee and sugar cane and sugar harvesting, US$272.66, while for the agricultural sector US$243.46.