Confederation of businessmen observes that the salary increase exceeds the inflation rate of 2023

Confederation of businessmen observes that the salary increase exceeds the inflation rate of 2023

Confederation of businessmen observes that the salary increase exceeds the inflation rate of 2023

April 23, 2024, 7:58 PM

April 23, 2024, 7:58 PM

Furthermore, they warn that this increase has no relation to productivity nor with the growth prospects for the year 2024.

“We regret that once again the private sector has been excluded of the analysis of the effects that a disproportionate salary increase may have on the costs assumed by companies,” the CEPB said in a statement.

Serious consequences

The Confederation fears that this measure have serious consequences for the stability of companies, especially small and medium-sized ones, located in most of the country’s departments. They even warn that This could aggravate the situation of thousands of families, that depend on formal private activity.

The CEPB also criticizes the COB intransigence to consider the concerns of the business sector. They assure that this attitude will not only negatively affect companies, but will also deepen the precariousness of employment and will harm subnational public investment and the economy in general.

“Private entrepreneurs have always complied with the Law and this will not be the exception; however, We warn that, for many productive units, it will be very difficult to comply with an increase that, in addition to being high, has the burden of retroactivity,” the statement indicates.

Business owners demand that responsibility for the negative impact of this increase be assumed by those who made the decision and that it is not intended transfer it to those who did not participate in this process.

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