Deal sets private-sector raises at 3 percent
A dispute over government-regulated, private-sector wage hikes was settled Monday night by a majority vote in the National Wage Council that set mandatory biannual raises at 3 percent. Three government representatives and two labor members approved the agreement, while representatives for employers voted against it.
The percentage was recommended by the government last Thursday, and is higher than the 2.47 percent suggested by employers. The difference, 0.53 percent, adjusted for inflation for the last three months of 2011, as the last wake-hike rate was set in October.
The agreement also included a commitment to boost the rate an additional 0.56 percent in 2013 and 0.37 percent in 2014, as requested by unions.
This is the second wage hike to adjust for inflation, which is calculated by Costa Rica’s Central Bank.
You may be interested
Dental school or Costa Rica dental abroad?Patrick Goodness / Goodness Dental - November 28, 2020
A visit to the local dentist is becoming too expensive for most Americans. While prices for routine check-ups and cleanings…
Costa Rica ending week with increase in coronavirus hospitalizationsAlejandro Zúñiga - November 28, 2020
Costa Rica suffered 28 new coronavirus-related deaths between Wednesday and Friday for a total of 1,690, according to official data…
¡Viva siempre la paz! Costa Rica celebrates army abolition with holiday weekendAlejandro Zúñiga - November 27, 2020
Costa Ricans will enjoy a long weekend to end November as the country celebrates a national holiday in commemoration of…