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Santo Domingo – A few days ago, President Luis Abinader said he supports 20 percent salary increase for unseniated workers and that will be adjusted to inflation to be necessary.
We will see here if this increase can really address the basic basket, unsenitary workers and inflation levels.
The last salary increase for the non -sectorized private sector was in 2023. According to article 456 of the Labor CodeSalaries must be reviewed every two years, so it was not a proposal by President Abinader, but it was time for that review.
He real salary It allows a worker to acquire the amount of goods that can be purchased with the nominal salary. The nominal salary is what an employee has left after the pension, health, taxes and all other payroll deductions are deduced from salary.
So, What real salary does the president refer to? The salary of a non -sector employee in a small business is 14,161, and for a large one, it is 24,900.
With the proposed increase of 20 percent, the minimum wage for small businesses would be 16,993 and that of large companies 29,998, which is very low compared to the cost of the basic basket, which is 46,251.42.
The president meant that the increase was above inflation because the objective of the Central Bank was for prices to increase between 4.0% and 1.0%.
The interannual and accumulated inflation has exceeded the objective range since December 2024, when it was 4.01%. If the proposed increase is 20 percent, according to the inflation index, employees would have 15 percent and a little more to acquire goods and services.
We know that reality exceeds the basic basket and the percentage of inflation and that less than 30 thousand pesos or less than 20 thousand pesos will not be enough for employees to obtain these salaries to deal with their daily lives..
Minimum salary for the non -sectorized sector
The world of minimum wage in the Dominican Republic is diverse and broad. We are talking about more than 10 minimum wages, and each one is different because it represents particular sectors, namely domestic workers, the sugar industry, heavy machinery in the agricultural sector and a list that includes qualified workers in the construction area.
When the president speaks of the minimum wage of the private sector not sectorized, he refers to all administrative and technical workers of private companies that earn a minor salary.
Now, the question is, do you think an increase of 4,998 pesos will be enough? Can that improve your economy? I look forward to comments.