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Panama orders 18 percent increase in minimum wage despite business concern

Thursday, December 29, 2011

The government of Panama decreed an increase of between 15 and 18 percent in the minimum wage after bosses and workers failed to agree after six months of talks.

The increase depends on the economic activity, the size of the company and the region where each employee works.

"We are well aware that we aren't going to please employers. They see the increase as much too high. But workers are sure to think it's not nearly enough," admitted the labor minister, Alma Cortés.

Original source (in Spanish): AFP