The increase in the minimum wage in Venezuela by 1,705%, announced by the illegitimate president Nicolás Maduro last week and which will go from US$1.6 a month to just under US$29, is insufficient for those who receive it —fundamentally employees public and pensioners- get out of extreme poverty, according to various experts and those affected. […]
Tag: salary
CTS: teachers would obtain compensation equivalent to 100% of their salary
Through a change in article 63 of the Teacher Reform Law, Congress approved modifying the CTS of public teachers. The legislative initiative was admitted with 112 votes: teachers’ compensation will be 100% of their full monthly remuneration, per year or fraction of the months of official services actually worked, from their appointment to the date […]
Minimum salary could go up in the first semester
The head of the Ministry of Labor and Employment Promotion (MTPE), Betssy Chávez, estimates that during the first half of this year the increase in the minimum living wage (RMV) could be specified, which is at S/ 930, an amount established since 2018. “We optimistically understand that it has to be in the first semester,” […]
US raises minimum wage in 56 cities, counties and states since January
With information from EFE Workers in the United States who earn the minimum wage will benefit from an increase that will take effect on January 1 in 56 cities, counties and states, the National Employment Law Project (NELP) reported today. In 33 of those jurisdictions, the minimum wage will reach $ 15 per hour or […]
Average income decreased by S / 179 since 2019
During the September, October and November quarter, 4 million 812,800 people made up the employed population in Metropolitan Lima. However, compared to the same period in 2019, a contraction of 149,000 jobs is observed, according to the National Institute of Statistics and Informatics (INEI). In this sense, the average income in the quarter is located […]
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) […]