Changes of the Real Minimum Wage in the DR During the Past 100 Years

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pinonuevo

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My father used to earn 250.00 Pesos pe month when the Dollar was One:One. By today's exchange that would be 15,000.00

On December 7, 2021, the National Salary Committee, announced the approval of a 21% adjustment to the minimum salary for employees of the free zone sector in Dominican Republic. The new minimum wage will be RD$13,915.00, effective January 1, 2022.

The fixed rates will be calculated by working hours, dividing the monthly salary by 23.83 and the result of this operation dividing it by 8, for workers who render part-time services in industrial, commercial, or service companies.

Part-time work is defined as rendering services for a period not exceeding 29 hours per week, but in no case may work more than this limit or render services in extra working hours.

Employees earning below the new minimum shall receive the increase. Employees earning above the new mínimum wage earn of RD$13,915.00 shall continue to receive the same salary, although such salary may be improved by agreement between the parties.
 
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pinonuevo

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dominicantoday.com

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NALs

NALs

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Jan 20, 2003
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Swizterland has no minimum wage. The reason wages are higher there than in most of the world is quite simple to explain: very few people in any economy actually earn below, at or near a minimum wage, regardless what that is. In a country like the DR, things like the minimum wages are simply political tools to create political opinions and perception and that will impact how many votes they get in the next election. Minimum wages simply don't matter in creating wage levels.
 
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bob saunders

bob saunders

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NALs said:
Swizterland has no minimum wage. The reason wages are higher there than in most of the world is quite simple to explain: very few people in any economy actually earn below, at or near a minimum wage, regardless what that is. In a country like the DR, things like the minimum wages are simply political tools to create political opinions and perception and that will impact how many votes they get in the next election. Minimum wages simply don't matter in creating wage levels.
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This, of course is quite true, but those that like far reaching government control disagree.
 
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playacaribe2

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NALs said:
Swizterland has no minimum wage. The reason wages are higher there than in most of the world is quite simple to explain: very few people in any economy actually earn below, at or near a minimum wage, regardless what that is.
Click to expand...
Explain why wages are higher there than in most of the world?

Is it better educated, better skill sets, government pressure, union pressure.
NALs said:
In a country like the DR, things like the minimum wages are simply political tools to create political opinions and perception and that will impact how many votes they get in the next election. Minimum wages simply don't matter in creating wage levels.
Click to expand...

Political tools? To some extent perhaps.................but imagine if no minimum wages existed in the DR. The possibilities are endless................for the percentage of the people receiving sugar cane wages...........can you say social unrest three times fast.


Respectfully,
Playacaribe2
 
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