Ministry of Labor okays new RD$15,447 minimum wage
The Ministry of Labor confirmed the 20% minimum wage increase agreed upon last week by labor and government members of the National Salaries Committee. The third party of the committee, the employers, rejected the raise arguing that a new reclassification of businesses by size had to be carried out with a differentiation of wage levels for each. The AIRD alerted the higher minimum wages discourages businesses from incorporating. Likewise, it discourages hiring and mostly affects jobs for young people. The business sector has said it will contest the wage increases.
Resolution 05/2017 of the Ministry of Labor instates a minimum wage of RD$15,447 a month for companies with assets of RD$4 million or more. Those working in companies with assets of RD$2 million to RD$4 million need to pay a minimum wage of RD$10,620. Minimum wage of companies with assets of less than RD$2 million has now been increased to RD$9,411. The resolution also orders a wage increase to RD$13,032 for private company watchmen.
Source: DR1, Listindiario
Apr 7, 2017
Category: DR News |