According to governmental authorities, the approved increase is twenty percent (20%) for all sectors and will be obligatory from August 1, 2021. With this increase, the minimum wage for commerce, service, industrial, and agroindustrial sectors will be $1.50 an hour, $12.00 per day, $365.00 per month.
Is there a minimum wage in El Salvador?
Minimum Wage in El Salvador
| Industry | Minimum Monthly Wage | Minimum Hourly Wage |
|---|---|---|
| Commerce, services, industry, sugar mills and other agribusiness activities, as well as for home-based workers who work in these industries | $365 | $1.50 |
| Textile and clothing facilities, home workers who work in these industries | $359.16 | $1.48 |
What is the average pay in El Salvador?
Salary rankings by profession
| Job type | Median salary (USD) | Salary ranking compared to all cities |
|---|---|---|
| Physician | $18,794 | 227/265 |
| C Level Executive | $15,759 | 251/265 |
| Dentist | $14,336 | 242/265 |
| Data Scientist | $12,448 | 247/265 |
What is the minimum wage per hour 2020?
Age 16-17 – £4.62 an hour. Age 18-20 – £6.56 an hour. Age 21-22 – £8.36 an hour.
What is the monthly wage in El Salvador?
El Salvador Compensation Laws
El Salvador does not have a national minimum wage, but it does have minimum wages that change depending on an employee’s industry, including: $304.17 a month for retail employees. $304.17 a month for industrial laborers.
How much do you make a day in El Salvador?
With this increase, the minimum wage in El Salvador for commerce, industrial, and service workers will be $1.50 an hour, $12.00 per day, $365.00 per month. El Salvador’s minimum wage or legal minimum wage for formal businesses is divided into four sectors; two for the city and two for the countryside or rural areas.
Is El Salvador expensive?
El Salvador is one of the cheapest countries in Central America, so you’ll find it easy to save money here without much effort.
What is minimum wage for a 14 year old UK?
There is no minimum wage for 14-year-olds, meaning you’re not yet entitled to the National Minimum Wage. This means what you’re able to earn needs to be agreed upon with your employer, and is based upon the type of work you’re doing.
What is minimum wage for a 17 year old?
the change won’t affect people 24 year olds and under currently receiving minimum wage (which is £6.70 per hour from 1 October 2015) 18 to 20 year olds’ current rate will increase by 17 pence to £5.30 per hour. 16 to 17 year olds’ current rate will increase 8p to £3.87 per hour.
What is the new minimum wage for 2021?
State Minimum Wage Rates
| State | 2020 Minimum Wage | 2021 Minimum Wage |
|---|---|---|
| California | $13.00 | $14.00* |
| Colorado | $12.00 | $12.32 |
| Connecticut | $12.00 | $13.00 |
| Delaware | $9.25 | $9.25 |
How much is the budget of El Salvador?
Government Budget Value in El Salvador averaged -330.01 USD Million from 1990 until 2020, reaching an all time high of -16.60 USD Million in 2017 and a record low of -2269.50 USD Million in 2020.
What is the unemployment rate in El Salvador?
In 2020, the unemployment rate in El Salvador amounted to approximately 6.98 percent.
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El Salvador: Unemployment rate from 1999 to 2020.
| Characteristic | Unemployment rate |
|---|---|
| 2019 | 3.96% |
| 2018 | 4.01% |
| 2017 | 4.39% |
| 2016 | 4.42% |