Minimum Wage Ecuador – increases January 1, 2010

Posted on December 27, 2010 • Filed under: Business, Economy, Ecuador, Social Issues reported that the Ecuadorian government passed a 10 percent minimum salary raise for employees beginning January 1, 2011. The current base salary is $240.00 a month. The increase is to be $24.00 settling the base monthly salary at $264.00. Workers to be included are both in the private and public sector. The raise also includes domestic help workers, artisans, agriculture and small industry workers. The current basket of products for a family of four in Ecuador to live is calculated at $542.00. Read Article

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