(TODAY NICARAGUA) On September 1 a second increase of 4.5% will come into effect as agreed earlier this year in negotiations between the government, unions and employers
With the 4.5% increase the minimum wage will be US$180.7 a figure that will be maintained until March 2017, when the members of the Tripartite Minimum Wage Committee will meet again.
Elnuevodiario.com.ni reports that “…The announcement was made by the Ministry of Labour (Mitrab), which forms part of the Tripartite Committee on the Minimum Wage, and it was reported that ratification was given to the measure as there was no opposition on the part of members of the body, which includes the union of employers and trade unionists. ”
The accumuluate annual increase is 9%, the new minimum wage equivalent to about 44% of the basic basket, according to the Wage Board.