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Minimum Wage Increases, Effective July 1, 2021
New Order or Decree
Author: Marielos Acosta, Associate - BDS, Member of Littler Global
On Tuesday, June 15, 2021, representatives from management and labor in the private sector agreed to an increase to the minimum wage, with the help of the Government in a mediator role. The increase ranges between 4.01% and 8%, effective July 1. Companies with 1 to 50 employees must pay an increase of 4.01%, while those that employ 51 to 150 individuals will pay 5%. Employers with more than 150 employees will need to increase minimum wages by 8%.