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March 18, 2022
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Salary increase: businessmen reject the COB proposal and describe it as “counterproductive”

Salary increase: businessmen reject the COB proposal and describe it as "counterproductive"

Page Seven Digital

The Bolivian business community rejected the request made by the Central Obrera Boliviana (COB), to increase 7% and 10% to the basic and minimum salaries, respectively.

The president of the National Chamber of Commerce, Rolando Kempff, expressed his disagreement, and pointed out that there are effects on the national economy generated by the pandemic. He pointed out that it is necessary to “maintain decent jobs.”

“We propose that there should be no increase because prices have not risen, we are in a recovery process, we have fallen 13% of GDP and last year we have grown 5%, we are with a significant deficit and the most important thing would be in this time to maintain decent jobs as the business sector has,” said Kempff.

You can also read: COB delivers specifications to the Government: asks for an increase of 7% to the basic and 10% to the national minimum

On the other hand, the president of Conamype, Agustín Mamani, pointed out that a salary increase or leveling could be counterproductive, and that the economic reactivation is progressing very slowly.

“We are not in the possibility of being able, at this time, to make a salary leveling. We are not in the conditions. Unfortunately the reactivation is very slow. At this time, talking about leveling or raising wages is totally counterproductive for the productive sector,” said Mamani.

This Thursday morning, the COB presented its petition to the Government in which it requests an increase of 7% to the basic salary, and 10% to the minimum wage.



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