Venezuela's interim president, Delcy Rodríguez, announced a minimum wage increase to $240 for both the public and private sectors.
She also announced an increase in the monthly pension payment, which will now be $70.
https://twitter.com/ElUniversal/status/2049945932368941308
These announcements…
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Mexican government to increase workers’ wages by 13 % in 2026
Starting in January 2026, Mexican workers will receive a 13 % increase in the minimum wage, as indicated by President Claudia Sheinbaum, who added that the measure was supported by unions and employers.
This salary increase is part of the…
Colombia, Peru and Brazil agreed to increase minimum wage
The economy in Latin America is still struggling to stabilize. Amid discussions and working groups, the labor force has achieved some achievements that are reflected in salary increases starting in 2025, as is the case in Peru, Brazil and…
Importance of a good organizational climate
Eight hours or more spent in an office turn workers into a family. A good work environment, where the human being and his performance are valued, triggers benefits for both parties.
Work environment specialists recommend maintaining a good…
Dubai recognized cryptocurrencies as valid salary payment
In a change of position towards cryptocurrencies, the Dubai Court of First Instance has recognized these digital assets as means of payment for salaries.
With this decision, the judicial body shows a shift towards a progressive change with…
Payment of salaries in cryptocurrencies in a growing trend in Latin America
Paying salaries in cryptocurrencies in Latin America is a trend that is increasing. In 2023, the number of workers receiving their payment in these currencies increased from 2 to 5 %.
Cryptocurrencies have gained ground in Latin America,…
BCV: Venezuela registered an inflation of 4.1 % in the first quarter of 2024
Venezuela registered an accumulated inflation of 4.1 % in the first quarter of the year, after adding 1.2 % in March, the same as in February and 1.7 % in January, reported the Central Bank (BCV).
The 1.2 % rate is the lowest the nation…
General Motors Canada reaches an agreement with its employees
General Motors (GM) and the Canadian union Unifor announced a provisional agreement that ends a strike that affected more than 4,280 workers in Canada. The agreement was reached just hours after GM workers went on strike.
Unifor President…
Equality for workers, the great challenge of the ILO
The dignity of work, fair wages, equality for workers, are some of the challenges that persist in the labor field and that today, May 1, International Workers' Day, are the slogan of millions of people in the world.
The International Labor…
ECLAC urges to reduce labor informality to face low productivity in LA
The executive secretary of the Economic Commission for Latin America and the Caribbean (Cepal), José Manuel Salazar-Xirinachs, has urged addressing the problem of labor informality in Latin America in order to improve the region's…
Gustavo Petro announces a 16 % increase in the minimum wage in 2023
The Government of Colombia, unions and employers have agreed on Thursday an agreement to increase the minimum wage by 16 % in the next year 2023, up to 1,160,000 Colombian pesos (227.6 euros).
The tripartite agreement took place on the…
Sánchez promises to contain the rise in food prices in 2023
The President of the Government, Pedro Sánchez, announced this Sunday that the third package that the Executive is preparing for 2023 in order to counteract the socioeconomic consequences of the war in Ukraine will incorporate mechanisms to…