Not everyone agreed: Fenalco insists a 23% increase in the minimum wage is detrimental

Jaime Alberto Cabal, president of the National Federation of Merchants. Photo: Fenalco

Not everyone agreed: Fenalco insists a 23% increase in the minimum wage is detrimental

TL;DR

  • Fenalco president Jaime Alberto Cabal believes a 23% minimum wage increase is harmful.
  • Cabal expressed concerns about the potential negative economic impact of such a hike.
  • The Federation Nacional de Comerciantes (Fenalco) is against the proposed wage increase.