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Only Bosses Happy with Brazil's New Minimum Wage PDF Print E-mail
2004 - April 2004
Thursday, 01 April 2004 08:54

 Only Bosses Happy with 
  Brazil's New Minimum Wage

Starting May 1st, Brazil's minimum wage will be raised from 240 to 260 reais, roughly from 80 to 87 dollars. In order to obtain the purchasing power it had in 1959, today's minimum wage would have to be US$ 208 (R$ 618). If the Gross Domestic Product growth were taken into account, the minimum should be 1,200 reais.
by: Mylena Fiori

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