Bolivia raises minimum wage by 20 percent

President Morales also announced that the basic salary would go up by 10% in the country, after talks with trade union leaders.

Bolivia raises minimum wage by 20 percent

World Bulletin / News Desk

Bolivia is set to raise the minimum wage for its workers by 20%, the government announced on Monday.

"There has been economic growth, and that's why we have decided to raise the minimum salary by 20%," President Evo Morales said.

President Morales also announced that the basic salary would go up by 10% in the country, after talks with trade union leaders.

Last year, Bolivia recorded an inflation rate of 6.5%, so the wage increase is pleasing to many in the country, although some complained that they were bypassed in the negotiations.

Bolivian Central Labour Union leader Juan Carlos Trujillo described the talks as "very bitter, icy and heavy" before reaching an agreement.

The Confederation of Private Entrepreneurs (CEPB) also complained that the wage increase only meant that workers would have to pay more taxes.

However, GDP in Bolivia has tripled since Morales took over in 2006, World Bank figures show, with another 5.2% increase aimed for this year.

Last Mod: 23 Nisan 2014, 14:31
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