Sandinista union proposes wage adjustment starting from 4.8%

The National Minimum Wage Commission was installed late and lacks legitimate representatives from the workers' sector.

Sandinista union proposes wage adjustment starting from 4.8%

TL;DR

  • Sandinista unions propose a minimum wage adjustment of 4.8%, aiming for a balance that satisfies the state.
  • The National Minimum Wage Commission, installed late and with questionable worker representation, is involved in the decision.
  • Nicaragua's current average minimum wage is around 8,882.56 córdobas ($241 USD) per month.
  • Minimum wages in Nicaragua are significantly lower compared to Costa Rica ($725), Panama ($637), Guatemala ($478-552), Honduras ($524), and El Salvador ($351-409).
  • The proposal takes into account economic factors like projected GDP growth of 4.5-5% and an inflation rate of 2.7% for 2025.

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