Asuncion, IP Company.- As of this Monday, July 1, the provisions of Decree 1909, signed by President Santiago Peña, come into impact, establishing the readjustment of the authorized minimal wage to 2,798,309 guaraníes, whereas the minimal each day wage will probably be 107,627 guaraníes.
This adjustment was made based mostly on the report submitted by the Nationwide Minimal Wage Fee, which, based mostly on the Shopper Value Index report ready by the Central Financial institution of Paraguay, indicated the necessity for a 4.4% adjustment of the minimal wage.
“What the Council does is validate what the regulation says and from July we can have these new values” mentioned the Deputy Minister of Labor César Segovia, when reporting on the work of the Nationwide Wage Fee.
The decree additionally authorizes the Ministry of Labor, Employment and Social Safety to manage and publish minimal wages for numerous specified actions.
The wage adjustment seeks to compensate for the lack of buying energy of staff in response to the rise in costs of primary merchandise.
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2024-07-02 02:31:26
