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Guatemala’s latest increase in minimum wage keeps pace with last year’s inflation

Tuesday, January 11, 2011

The recent minimum wage increase in Guatemala, exceeded the 5.39 percent inflation rate for last year.

“This is the first time that the minimum wage has kept up with the cost-of-living index,” said Adolfo Lacs, leader of the Guatemalan Workers’ Union.

Alejandro Ceballos, a leader of the garment and textile industry, said that the increase to $1.21 per hour in his sector could have a negative impact on investment.

Original source (in Spanish): Prensa Libre