Employers, unions and the government agreed to a 8.5% increase in the minimum wage in all economic activities, starting from January 2016.

The approval for the general rise of 8.5% applies to all activities in the economic regions of the country, except for small businesses.

The Minister of Labor and Workforce Development, Luis Ernesto Carles explained in an article on Capital.com.pa that “…’A general adjustment of 8.5% for all economic activities which does not include small businesses was approved, the Executive will determine the percentage for small businesses, agricultural activities and the banana industry, and the domestic sector.’ ”

“… Currently the minimum wage for zone 1 is $624.00 and in zone 2 it is $488.00, added to this is 8.5% more than the advertised amount. The adjustment was achieved after several meetings, workshops and consultations between employers, workers and the government. “

Source: Capital.com.pa