News

Cuba: Pay Raise Joy in Cuba Amid Tense Economic Times

Cuba is experiencing a climate of growing tension as August draws near. Nearly half a million employees are waiting (somewhere between excited and anxiously) for the day they receive their pay-checks for July. They are waiting for the first benefit of a spectacular pay-rise that the government announced last month for the public sector.

This understandable enthusiasm goes hand-in-hand with the anxiety of knowing how much of a pay-rise they will receive, implying an overall 66% increase of average monthly wages for public sector employees: from 643 pesos (24 USD) which had been maintained since 2017, to 1067 pesos (43 USD). A third of the country’s total workforce belongs to this sector and 48% of employees work in the state sector.

More

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s