• Categories
  • Archives

Brazilian Worker Spends 57% of Minimum Wage on Food

Low-income workers in Brazil, especially those who earn a minimum wage, are now spending a smaller part of their earnings to buy a basket of basic necessity goods (cesta básica).

The cost of the basic basket fell in June to 57.5% of a minimum wage, compared to 59.01% in May. In June 2004, a worker had to spend 64.27% of his minimum wage to pay for a basic basket.


“In May the minimum wage was adjusted above the Consumer Price Index, at the same time that the average price of goods in the basic basket rose less than the minimum wage. The result is that a worker’s money goes further,” explains José Silvestre, of the Dieese, a union-linked socio-economic research institution, which runs a monthly survey on the cost of the basic basket.


He adds that another way to look at it is as a reduction in the time a worker has to work to buy a basic basket.


In June, the time needed dropped to 116 hours and 49 minutes, down from 119 hours and 54 minutes in May.


And for the sake of comparison, in June 2004, a total of 130 hours and 34 minutes were needed to pay for a basic basket.


As for the minimum wage, it rose 13% in May, going from US$ 109.47 (260 reais) to US$ 126.31 300 reais).


ABr

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil’s Lula Hints Palestine May Sign Trade Accord with Mercosur

Palestine might sign a trade agreement with the Mercosur. The possibility was mentioned by ...

Flooded with Cash, Saudis Arrive in Brazil Ready to Invest

Four important Saudi executives are arriving in Brazil today to learn more about the ...

Cornfield in Brazil

Brazil, India, US and EU Try to Break Doha’s Farm Subsidies Deadlock

Brazilian, Indian, American and European officials are meeting today in India for the first ...

Brazilian Port Gets a US$ 10 Million Revamping

Barão de Teffé port, in the city of Antonina, in the southern Brazilian state ...

Brazil Varig Airline’s Logo Turns Orange, Its New Owner’s Colors

Brazil's once flagship airline has very little of its past glory left. Now, it ...

Probe on Brazil’s Bribe-for-Vote Scheme Goes to Federal Police and Revenue Service

The president of the Joint Parliamentary Investigatory Commission (CPMI) on the Post Office, senator ...

Minas, Brazil: Land of Martyrs and Churches

Tiradentes and Aleijadinho are two Brazilian heroes from the state of Minas Gerais. One ...

Lula Wants World to Know Brazil Is Iran’s Good Friend, Nukes and All

Brazilian diplomats believe that the administration of president Luiz Inácio Lula da Silva plans ...

Brazil Maps Its Subsoil

Brazilian President Luiz Inácio Lula da Silva announced his country’s intention of expanding the ...

Brazil Discusses SIVAM, Its 4-year-old Amazon Vigilance Program

A senior government official from Brazil will discuss how the country partnered with industry ...