Following approval at Executive Council on Tuesday 27 August, the Falkland Islands Government is holding a public consultation from this week to Tuesday 22 October 2024, on the Minimum Wage Accommodation offset rate.
The minimum wage set by the British government, known as the National Living Wage in UK is rising from £10.42 to £11.44 an hour and will apply to workers over 21 rather than over 23, benefiting some 2,7 million low paid workers. Younger workers will also see a rise in the rates that apply to them.
The German media Statista, specialized in the disclosure of market data, shared in recent days a new report on minimum wages in Latin America for 2023.
Chile's President Gabriel Boric Font Monday signed into law a minimum wage hike so that no one is left behind.
Some key changes within the Falkland Islands' Budget for 2020/21 from July 1, 2020, unless stated otherwise a 1.5% pay increase for Government employees.
Venezuelan President Nicolás Maduro embraced the currency of his bitter rival the United States on Sunday, calling it an “escape valve” that can help the country weather its economic crisis amid U.S. sanctions aimed at forcing him from power.
Nicolás Maduro ordered an increase of 300% of the minimum wage on Monday, the 26th time he makes an announcement of this kind during his term. Also, an increase in the petro cryptocurrency was decreed and the president highlighted the economic management of his government, which he said in his annual report helped to turn Venezuela into the country with “greater socioeconomic equality”.