The lowering of interest rates and the search for more commercial agreements were mentioned by the president.
Regarding the salary increase from $ 400 to $ 425, the president Guillermo Lasso He noted that the decision is a sacrifice for the business sector, which will also have compensation.
Lasso expressed that salary is only an indicator of competitiveness and that lowering the interest rates it is compensation. As well as working on free trade agreements to expand the markets of bananas, shrimp, coffee, flowers and other products will determine an increase in sales in those sectors.
“There is no doubt that it is an effort by the business sector, but it is fair, it responds to social justice with important sectors that contributed with their sacrifice during the pandemic (…) it is well worth the business sacrifice to improve quality life of those who drive the Ecuadorian economy, “said the president.
With an increase of 6.25%, compared to 1.8% inflation, the real wage increase is four percentage points and this determines a greater purchasing power for the working class, Lasso said, ruling out that there is a speculative process in the country.
President Guillermo Lasso announces that the Unified Basic Salary will rise to $ 425 in 2022
“We have made a salary increase in accordance with the technical situation of the country, but also complying with an offer of our campaign (…) It is a decision that follows a campaign proposal that we are complying with, which is a decision of a technical nature, which it is popular, not populist and it does not obey any pressure from any social group of any union, nor any leader of those who oppose everything because they are already preparing their campaign for the year 2025 ″, added Lasso.
Regarding a possible damage to small companies with this decision, the president said that those companies are family and that the $ 25 will stay in the same family.
Since the unions, they are waiting for the Ministry of Labor issue the Agreement to operationalize the increase of $ 25 and that will be in force as of January 1; Well, what exists up to now is an Executive Decree signed by the president.
The union leader, Mesías Tatamuez He said that the president had only to fulfill his campaign promise, but the labor issue still has several issues to discuss, such as labor reforms.
The government pending the sending of labor reforms for the first quarter of next year, as part of the three laws that came out of the failed Opportunity Creation Law, which was not processed by the Assembly.
However, the unions propose a new Work code that applies to all and rejects “flexibilization” measures. (I)
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