By El Diario: Business Leaders Ask the Government to Respect Their Rights, Avoid Closures and Layoffs Private business leaders warned about the negative effects of raising the National Minimum Wage (SMN) to Bs 3,300 and demanded that the government respect their rights by adopting mitigation measures to avoid mass closures and layoffs. The president of…
Tag: salary increases
Wages are worth 45% less compared to the dollar | El salario vale un 45% menos respecto al dólar
By Juan Carlos Salinas, El Deber: PURCHASING POWER The purchasing power of the boliviano is losing ground /Photo: ABI The loss of the boliviano’s purchasing power since 2024 has already reached 50%. The foreign currency is trading at Bs 15.17. According to the latest study (2023) by the International Labour Organization (ILO), Bolivia has a…
Neither the COB nor the Government know what it means to produce | Ni la COB, ni el Gob saben que es producir
Editorial, El Deber: Wage increase: hypocrisy and electoral calculation President Luis Arce is in campaign mode. And his decisions are tainted by a desperate search for votes. The polls released so far show that his chances of re-election are minimal, and he knows it—just as he knows that the tools of power (decrees and resolutions)…
Approving a wage increase will generate greater economic inflation | Aprobar un incremento salarial generará mayor inflación económica
By Unitel: Analyst points out that approving a wage increase will generate greater economic inflation Economist Gonzalo Chávez indicated that if salaries rise, companies will have to cover their costs, which will lead to a major problem in economic terms. Reference image. Just days before the celebration of Labor Day, when the government typically announces…
Salary Increase in Bolivia: A Measure that Encourages Informality? | Incremento Salarial en Bolivia: ¿Una Medida que Incentiva la Informalidad?
By Paul Aramayo, El Deber: A new increase in the national minimum wage or the basic salary, without considering the real situation of the private business sector, significantly raises formal labor costs, directly affecting the ability of companies — especially small and medium-sized ones — to maintain payrolls under the current labor regime. Every May…
“There should be no salary increase” | ‘No debe haber incremento salarial’
By ERIKA IBÁÑEZ, La Razon: “There should be no salary increase”: Private sector warns of possible economic contraction The president of the Federation of Private Entrepreneurs of La Paz said that a wage increase will lead to more inflation and unemployment. He calls on the Government for a tripartite meeting. Rolando Kempff from the La…
Bolivian Thoughts | Pensamientos Bolivianos (Bilingual/Bilingüe) 