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Santo Domingo.– Labor minister Max Puig affirmed that as he had sated last week a wage increase will be confirmed tomorrow Tuesday, for which the business sector agreed a 15% hike with retroactivity to June 1 and subject to a revision within one year.

“The business sector has understood that a 12% increase is insufficient to cover the demand of goods and services of workers, fundamentally for a minimum standard of living,” he said, and affirmed that the wage increase will be retroactive to June 1, with a revision within a year.

Puig said the minimum wage increase for the non-sectored workers has become, beyond a social issue, one of justice, because workers should get back part of the wealth they contribute to generate.

The official added that as the result of the low purchasing power of the neediest, and the price jumps of staple products in the last few days, are mostly to blame for the economic contraction.

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COMMENTS
7 comment(s)
Written by: ateo1992 This user is banned, 6 Jul 2009 4:09 PM
From: Dominican Republic
great news!!

finally the fair deal!

Written by: xwill7, 6 Jul 2009 5:21 PM
From: United States, El cuarto bate
fair deal ateo??? What can 15% buy you in DR??? alittle extra Brugal? There is still a huge gap between the rich and the average worker
Written by: Belly, 6 Jul 2009 8:00 PM
From: United States, Seattle, W.A.
They need now to lower the price of food another 20 percent and keep it there.
Written by: allumeuseGeneroso This user is banned, 6 Jul 2009 11:11 PM
From: Dominican Republic
Inflation (since the business will pass the tap to consumers), more Haitian will cross over to DR, Peso will devaluate so more against the Dollar, foreign investment may look elsewhere, etc.

It may sound nice (a pay raise) but it has its unintended consequences of shifting the problem down (since the poor will not keep up) and stomping on the Peso!
Written by: CarlosFranco, 7 Jul 2009 12:29 AM
From: United States, Brooklyn

15% more for Haitian workers.... Hooray!!!




Written by: CarlosFranco, 7 Jul 2009 1:29 AM
From: United States, Brooklyn
Fair would be, ATEO, 50%
Written by: FireFtr, 7 Jul 2009 8:03 AM
From: United States, Florida
any amount of a raiswe is better than no raise at all so its a good thing !!!
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