Asunción, Jun 21 (EFE) .- The National Council of Minimum Wages (Conasam) of Paraguay, made up of representatives of the Ministry of Labor, unions and employers, agreed on Monday to present to the Executive Branch a readjustment of the minimum wage of 4.4% , equivalent to 96,484.92 guaranies ($ 14.32).
Paraguay revises its minimum wage based on variations in the Consumer Price Index (CPI), presented by the Central Bank of Paraguay, which between June 2020 and May 2021 rose 3.7%, a percentage to which we must add the increase from the previous year, since the Government froze the minimum wage during the pandemic.
Therefore, if the Executive of Mario Abdo Benítez approves the Conasam proposal, the minimum wage for private sector workers will go from 2,192,839 guaraníes (about $ 326) in which it remains from 2019 to 2,289,323.92 guaranies (about $ 340).
The request will be sent to the Government for its consideration and resolution before June 30, according to the Ministry’s Labor Director and president of Conasam in the statement of the labor portfolio.
The representative of the Paraguayan Industrial Union (UIP), Enrique Vidal, as a member of the employer’s association, considered that it is a fair rise, although “it may not be enough for one person,” but it is fair, “he said in the statement from the Ministry of Labor.
On behalf of the unions, Ramón Ávalos, from the National Workers’ Central (CNT), questioned that 4.4% and defended a 25% increase.
“We have presented to the Ministry of Labor some indices (…), unfortunately, we have not had the necessary response regarding this proposal that is related to the economic reactivation, housing, transportation …”, added Ávalos, according to the release.
The Paraguayan economy fell 0.6% in 2020 due to the impact of the pandemic, according to BCP data.
(c) EFE Agency
Article source: https://es-us.finanzas.yahoo.com/