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Wednesday, June 26 2019 @ 06:32 PM UTC

Cabinet Will Set New Minimum Wage Today - $470 Per Month Expected

Employment & JobsThe new minimum wage in Panama City will be about $470 per month, said a source close to the talks. It now will fall to the Executive Cabinet Council to set the new minimum wage salary in their meeting to be held today, after a commission of businessmen and worker's organizations failed in their attempt to reach a consensus decision. Today, the last scheduled Cabinet meeting of 2011 could establish the new minimum wage that will be in effect for the next two years. Yesterday, President Ricardo Martinelli announced that the increase might be about 15%, taking into account increases in the cost of living of between between 10% and 12%. (Siglo)

Editor's Comment: In the last couple of months there have been meetings of a special commission that was supposed to try to reach a mutual consensus. Obviously the union leaders were asking for way too much money and a massive increase in the minimum wage (and that was not about to happen) and the business leaders proposed a much lower increase - while in reality they don't want to pay any higher wages at all. In the end it now falls to the Executive Cabinet Council to make the final decision, and that will be that. This issue comes up every two years.

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Cabinet Will Set New Minimum Wage Today - $470 Per Month Expected | 2 comments | Create New Account
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Cabinet Will Set New Minimum Wage Today - $470 Per Month Expected
Authored by: Anonymous on Wednesday, December 28 2011 @ 01:35 AM UTC

Does this mean I have to pay my maid $470 a month?? plus the social security too?