Displaying items by tag: minimum wage
CDC calls for raising the minimum wage to US$456.20
In a press conference, members of the Centro para la Defensa del Consumidor (CDC), requested the authorities to increase the minimum wage by 25% in order to be able to face the current market prices.
The cost of the basic food basket is US$255.35, more than 70% of the minimum wage
The cost of the basic food basket for consumers up to july of this year according to the Oficina Nacional de Estadísticas y Censos (ONEC) is US$255.35, which means that more than 70% of the minimum salary is being spent on the cost of the basic food basket.
Changes or possible creation of a new Labor Code announced
The minister of Labor, Rolando Castro, published in his Twitter account that he will hold meetings with union movements, in order to update the Labor Code, which according to the official is outdated.
Salvadorans pay US$48.47 more for their food between 2021 and 2023
According to the Centro para la Defensa del Consumidor (CDC), in the basic food basket, 46% of the salvadoran population in urban and rural areas from january 2021 to april 2023, people have disbursed respectively, US$48.54 and US$48.41 more for the purchase of 22 food items.
10,000 companies have already received the minimum wage increase subsidy: BANDESAL
The President of Banco de Desarrollo de El Salvador (BANDESAL), Juan Pablo Durán, informed in an interview that so far 10,482; micro, small and medium enterprises (MSMEs), have already received the benefit of the minimum wage increase subsidy.
700 labor inspectors to verify minimum wage increase
This morning in an event in downtown San Salvador, the Ministerio de Trabajo y Previsión Social started the surveillance phase to verify compliance with the minimum wage increase of 20% throughout the country.
Now with the increase to your minimum wage as of august 1st it is US$365
In view of the announcement sent by the President of the Republic to the Consejo Nacional de Salarios Mínimo (CNS) to increase the minimum wage in El Salvador by 20% and this was approved, the increase should be effective as of august 1.
MSMEs will benefit from subsidy for minimum wage increase, according to Finance minister
The minister of Finance, Alejandro Zelaya, mentioned, during a television interview in which the subject of the reform to the Law for the Creation of the Ley de Creación del Fideicomiso para la Recuperación Económica de las Empresas Salvadoreñas (FIREMPRESA), submitted yesterday to the Legislative Assembly, was discussed.
Minister of Economy and minister of Finance presented reform to FIREMPRESA Law to subsidize minimum wage increase
Through the reforms to the Ley de Creación del Fideicomiso de Recuperación Económica de las Empresas Salvadoreñas (FIREMPRESA), the Government proposes to allocate US$100 million to subsidize the increase in the minimum wage of micro, small and medium-sized enterprises (MSMEs).
BANDESAL will present next week to the Assembly a reform for the subsidy to MSMEs in view of the increase in the minimum wage
The president of Banco de Desarrollo de El Salvador (BANDESAL), Juan Pablo Durán, informed that next week will be submitted the reform for the subsidy to micro, small and medium enterprises (MSMEs) as part of the support before the increase in the minimum wage for 12 months.