RD has one of the lowest minimum wage

posted on: Jan 16 2012 8:29 by RDugey. Viewed 15 times.


Dominican Republic is among the eight countries of Latin America with the level of lowest minimum wage, only surpassed by Cuba, Bolivia, El Salvador, Guatemala, Mexico, Nicaragua and Peru. The average of the region is US$ 259 and in the country at US$ 254, according to the last wage increase implemented last year, using an exchange rate of RD$ 39 per dollar.

Argentina, with US$ 475 average monthly, and Panama, with US$ 450, are countries with minimum higher wages of Latin America, according to a poll raised from official agencies of each country, the International Monetary Fund (IMF) and a report published in www.degerencia.com.

Publication explains that one of the best indicators of the financial health of each country is the minimum wage accrue workers, at the time say that many people use this indicator as a base to migrate from one country to another or to decide to enter the labor field.

"There is that" u000aNote that only comparing the salary cannot be a comprehensive assessment of the standard of living of a country. "

And to achieve a more complete picture should take into account other indicators such as the cost of the basket, quality and access to education and health or levels of crime and corruption", points out.

The Manager Director of the IMF, Christine Lagarde, said at the close of his visit at the end of 2011 to Latin America that economic power was finding a new point of balance and that emerging economies were part of the solution of global problems.

"To the economic power is a new point of balance, emerging economies become a key element for the solution of global problems...", declared the highest official of the IMF.

In countries such as Argentina, Costa Rica and Nicaragua the minimum salary varies according to the labour sector. In Latin America, 11 u000acountries reset the minimum wage on a regular basis, while another group of seven periodicity is variable. In the case of Dominican Republic the minimum wage is revised every two years in the National Committee of salary (CNS), where participating employers, trade unions and the Government.

The last increase in salary in the country
as the last applied nationwide wage increase, in March 2011, the first scale of minimum wage rose from RD$ 8,456 to RD$ 9,905; the second of RD$ 5,820 to RD$ 6,810 and the third of RD$ 5,158 to RD$ 6, 035. The working day of 10 hours in the field moved from RD$ 175 to RD$ 205.

The salary of the vigilante private moves from RD$ 7,142 to RD$ 8, 356.
The increases were of RD$ 1,449.00, RD$ 990.00 and RD$ 877.00, respectively, for the first categories.
In the case of those jornales RD$ 30.00 and RD$ 1,214 to private vigilante.