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prima:More than 12,200 people would be unemployed with minimum wage increase

Department of Labor Secretary Gabriel Maldonado voted against the approval of the wage increase because of the possible economic repercussions it would have on the economy

June 14, 2024 - 9:10 AM

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This content was published more than 6 months ago.
Secretary of the Department of Labor and Human Resources (DTRH), Gabriel Maldonado. (Vanessa Serra D’az)

The firm Abexus Analytics created a microsimulation model that estimates that the minimum wage approval to $10.50 per hour would cause the temporary unemployment of about 12,267 people, due to the closing of thousands of businesses and an increase in the inflationary rate.

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