|
Amazon Body Care |
|
|
Who's Online |
|
We have 155 guests online |
|
Statistics |
Members: 494
News: 11474
Web Links: 0
|
|
Contribution |
| Have you got news? Do you have news, comment or story on Brazil you want to share with Brazzil? Just send it our way to brazzil@brazzil.com. | |
|
|
|
The Latest from Brazzil Magazine |
|
|
|
|
Brazil's Minimum Wage Goes Up to US$ 119 a Month, May 1st |
|
|
|
|
Written by Marli Moreira
|
|
Thursday, 28 April 2005 |
|
The monthly minimum wage increase from US$ 103 (260 reais) to US$ 119 (300 reais) will inject US$ 5.1 billion (13.3 billion reais) into Brazilian economy, and rise tax collection to over US$ 1.19 billion (3 billion reais), estimates the Inter-Union Department of Statistics and Socio-Economic Studies (DIEESE).
This estimate considers workers receiving up to one minimum wage per month which amount to 37 million people (active and retired). The minimum wage increase will be effective May 1st.
DIEESE also indicates that the measure will represent a real increase of 6.5% on the salary, when considering the Cost of Living Index (ICV), or of 8.8%, when the correction is based on the Consumer Price Index (INPC), which is calculated by the Brazilian Institute of Geography and Statistics (IBGE).
According to DIEESE’s calculations, the minimum wage increase means that the Social Security will spend additional US$ 2 billion (5.2 billion reais) per year paying for benefits for retirees and pensioners who earn up to one minimum wage.
ABr
|
|
|
|
|
Home
|
|
Brazzil Magazine - Since 1989 trying to understand Brazil |
|
|
|
|
|