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Santo Domingo.- The president of the federation of trade unions grouped in the CNTD) on Monday announced nationwide actions to demand a wage increase of 30% for the public and private sector workers, including military, police and retirees.

Jacobo Ramos, quoted by hoy.com.do, said the demonstrations seek to raise awareness among employers and the government on what he calls an urgent need to increase wages.

He said inflation from the tax reform is around 30%, for which the increase seeks to recover lost purchasing power. "What happens is that the country’s employers always state the same, that they cannot raise wages as a way to evade social responsibility."

He said it’s not true that a salary increase generates unemployment, as employers claim, and that higher wages guarantee social and labor peace in the Dominican Republic.

He noted that although the Budget doesn’t include an increase, president Danilo Medina can use part of the Presidency’s RD$45.0 billion allocation to increase wages for government workers.

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COMMENTS
9 comment(s)
Written by: tschotschua, 8 Jan 2013 10:12 AM
From: Germany, Koblenz, Rheinland-Pfalz
Professor Dread,

and your advise to those folks would be (?) ...
Written by: dreadlocks, 8 Jan 2013 11:02 AM
From: United States
a 30% hike will be absolute lunacy. it would cause hyperinflation, and bust the peso wide open. a more modest increase, like 5%, would be manageable. an increase might be necessary, but it has to be phased in over time. the supply side cannot come up to speed in an immediate timespan, and there would be all this excess money chasing the same amount of goods as before. they better think this one out really carefully.the peso value would drop like a stone.
Written by: CarlosFranco, 8 Jan 2013 2:40 PM
From: United States, Brooklyn
good consized analysis Dread
Written by: Escott, 8 Jan 2013 2:43 PM
From: Dominican Republic, Cabrera and Sosua a 2 days a month for payday
This is funny, Dread is now an expert economist:)
Written by: ohhhvictor, 8 Jan 2013 3:04 PM
From: United States
First time you are accurate dready ..
Written by: dreadlocks, 8 Jan 2013 4:41 PM
From: United States
says the annoying pestilence, Escott

Written by: Escott, 8 Jan 2013 2:43 PM
From: Dominican Republic, Cabrera and Sosua a 2 days a month for payday
This is funny, Dread is now an expert economist:)

how would you know? you are barely literate. by the way, Escott, i keep seeing references to some money that mysteriously evaporated while it was in your custody. care to comment?
Written by: dreadlocks, 8 Jan 2013 4:43 PM
From: United States
says victor

Written by: ohhhvictor, 8 Jan 2013 3:04 PM
From: United States
First time you are accurate dready .

why, thank you, third grader.
Written by: dreadlocks, 8 Jan 2013 4:45 PM
From: United States
says Escott

Written by: Escott, 8 Jan 2013 2:43 PM
From: Dominican Republic, Cabrera and Sosua a 2 days a month for payday
This is funny, Dread is now an expert economist:)

you sound jealous. don't be mad at me. it is not my fault that you never graduated kindergarten
Written by: lsantiago77, 8 Jan 2013 9:38 PM
From: United States
this would be pointless, because frrom what i seen, every time a people get a raise, the gov almost immediately raises prices on eevrything, so they could even get a 50 percent raise and it would be a step back because the gov witll immedely raise prices and number 2 i seen many companies dont respect the minimum salary, some companies still pay their employees like 4 and 5 grand a month.


the only way we will ever get rid of the money problems in the dr is if the president is from a wealthy country, like canada or australia or the US for example, since i noticed dominicans by nature are stained with corruption, 100 different presidents could hold the title this week and none would solve the problems in the the dr because its in their dna to steal.
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