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…
Tag: wages
Bolivia: the largest informal economy
Jimmy Ortiz writes in El Diario: Bolivia has the largest informal economy in the world, according to the International Monetary Fund (IMF). In a working document entitled Shadow economies around the world: what have we learned in the last 20 years? In which 158 economies were studied, the country obtained a percentage of 62.3% (El…
Compare your salary earnings with the rest of the world!
Just for comparison, I used the salary level of $363 dollars per month, this application let you change it. You are welcome to try: If you see at the bottom of the graph you will see how little we earn as compared to other countries… we are far away from being the Swiss economy… as…
Bolivian worker’s demands – March 2012
El Deber reports: The National Executive Committee of the Central Obrera Boliviana (COB – main worker’s union in Bolivia), has to disseminate within 20 days, the resolutions of the last expanded national meeting, where a national minimum wage of Bs 8,300 [Bs6.96 per dollar] as the basis for wage negotiations with the Government. On the…
Bolivian 2012 salary increases?
Salary increases in Bolivia have a long history of strikes, blockades and it is more or less customary to start this predicament every years around October. By the end of the first semester of the new year, the government sets percentages (politically driven or as a result of union’s and social pressure) and pushes private sector to meet those…
Bolivian Thoughts | Pensamientos Bolivianos (Bilingual/Bilingüe) 