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The labor unions have issued the usual warnings. File.
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Santo Domingo.- The president of Dominican Republic’s employers grouped in Copardom agrees with and expects a raise on the minimum wage in March, in proportion with the inflation spurred by the tax reform that took effect in December.

Jaime Gonzalez acknowledged that with a tax burden rising from 16% to 18% and a sales tax (ITBIS) of 8% on staple products that were exempt, the loss in purchasing power must be restored.

Interviewed Tuesday on Digital 1, Gonzalez revealed that Copardom asked the labor unions to way until mid-February, to study the tax reform’s effects on employers, and then negotiate the wage increase percentage.

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COMMENTS
2 comment(s)
Written by: Ricardolito, 6 Feb 2013 9:15 AM
From: Dominican Republic, calle A.Portes
How many employers and how many employees are in this group ,,,it is about time there was a tribunal to hear the cases for minimum and special wages
Written by: pelaut, 7 Feb 2013 9:38 AM
From: United States
So govt raises taxes, and workers get a raise in order to pay them. Currency is inflated.
Stuff costs more, so govt raises taxes again, and workers get a raise in order to pay them.
Boy, is this stupid. Only govt hacks, union bosses and empoyer bureaurats can come up with this stuff.

Anyway, minimum wage shuts out unskilled youngsters and somewhat active oldsters, guaranteeing no apprenticeship for future employees, more geriactric illnesses of shut-ins, more recruits to youth gangs, more mugging of elders.

Only hacks playing the economy like a video game can dream up such damaging "solutions".

In short, like always, it's not what you're PAID, it's what you're WORTH!
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