Private Sector Salaries To Increase 6.3%

November 4, 2005

GOVERNMENT officials, businessrepresentatives and unions agreedMonday to a 6.3% increase for minimumwages in the private sector starting inJanuary 2006.With the increase, minimum dailywages for bus drivers, carpenters andmasons will increase from ¢4,802 ($9.82) to¢5,104 ($10.44), the daily La Nación reported,while monthly minimum wages for secretariesand sale agents will increase from¢146,367 ($299.32) to ¢155,588 ($318.18).The increase will cover the cost ofinflation, plus a slight additionalincrease, according to Labor MinisterFernando Trejos.The minister said the government isonly obligated to give a 5.97% increase,because, although inflation is expected toreach 6.41% for the second semester, asalary increase granted in June for 7.3%exceeded the 6.86% actual inflation for thefirst semester. Therefore, the 6.3% increaseapproved this week, coupled with the earlier7.3% increase, will more than accountfor annual inflation by the end of the year,Trejos said during his increase proposal tothe National Salary Council (CNS).The council, made up of nine representativesof business chambers, workersand the government, approved theincrease unanimously.Approximately 1.4 million peoplework in the private sector, but theincrease is only obligatory for those whoearn minimum wage. This will be the lastprivate sector salary increase before theFebruary 2006 elections.Labor union representatives have saidthey want to change the formula by whichprivate salary increases are awarded, tobetter align them with the rising cost ofliving – including food, utility and gasolineprices – rather than inflation alone.

Facebook Comments

You may be interested

Nicaragua calls Carlos Alvarado’s statements “disrespectful” and “intruding”
News
827 views
News
827 views

Nicaragua calls Carlos Alvarado’s statements “disrespectful” and “intruding”

AFP / The Tico Times - October 16, 2018

The Nicaraguan government described statements by Costa Rican president Carlos Alvarado about Nicaragua's “internal affairs” as “disrespectful” and “intruding.” The…

Transformational travel in Costa Rica: Turning the flat world round
Costa Rica
689 views
Costa Rica
689 views

Transformational travel in Costa Rica: Turning the flat world round

Alissa Grosskopf - October 16, 2018

The sound of roaring water and the fear in my body drown out the encouraging shouts of my group behind…

Children: the future of shark protection
Changemakers
575 views
Changemakers
575 views

Children: the future of shark protection

Alissa Grosskopf - October 16, 2018

The nonprofit organization Misión Tiburón is strongly engaged in the protection of hammerhead sharks in Costa Rica. They hope to…