The President of the Republic, Pedro Castillo, announced that as of December, formal workers will not earn less than S / 1,000 per month. “As of December, no formal worker will earn less than S / 1,000 per month, until the minimum wage increases”, said the president. The remuneration improvement will be due to the […]
Tag: minimum wage
2021 Nobel Prize in Economics awarded to David Card for proving that increasing the minimum wage does not reduce employment
The winners of the 2021 Nobel Prize in Economics were announced on Monday. The renowned award was awarded this year to three economists: the Canadian David Card, the Dutch Guido Imbens and the American Joshua Angrist. The Royal Swedish Academy of Sciences announced that the prize of 10 million Swedish crowns (almost one million euros) […]