Wage raise for Costa Rica’s private sector set at 3.78 percent
Some 1.3 million workers in Costa Rica’s private sector will receive a 3.78 percent wage increase effective Jan. 1.
In a majority vote the National Wages Council on Wednesday evening approved the figure that will apply for salaries during the first semester of next year.
The final percentage was proposed by government officials and consists of 2.47 percent of projected inflation, 0.77 percent cumulative inflation for the first half of 2013 and 0.54 percent for gross domestic product growth in the last five years.
The proposal received “yes” votes from unions and government council members, while employers voted against it.
Union leaders last week had proposed a 3.96 percent hike, while employers proposed a 3.60 percent increase.
Costa Rican Chambers Union and Private Business Sector Associations President Jaime Molina said the private-sector proposal “sought to avoid affecting high unemployment rates, estimated at more than 10 percent and the highest since October 2011.”
The last increase approved for the country’s private sector was 2.40 percent, which took effect on July 1.
You may be interested
How Does Coffee Pulp Help Costa Rica Reforestation?STEVEN HODEL - April 18, 2021
While the ever growing demands of society continue to encourage the destruction of tropical forests, like in Costa Rica, there…
Slothy Sunday: Visit Costa Rica’s sloths on Earth Day!Mariana Diaz / Toucan Rescue Ranch - April 18, 2021
Happy Earth Week, everyone! As you may or may not know, Earth Day is an annual event on April 22…
These are Costa Rica’s coronavirus measures for April 2021 (updated)Alejandro Zúñiga - April 17, 2021
The Costa Rican Presidency has re-introduced weekend driving restrictions in response to an increase in coronavirus cases and hospitalizations. Below…