The Ministry of Labor, through Ministerial Agreement MDT-2023-175 established that:
1. Since January 1, 2024, the statutory minimum wage of the employee (“SMW”) is set at four hundred and sixty dollars of the United States of America (US$460.00); including the salary of small industry employees, agricultural employees, household employees, maquila employees, microenterprise collaborators and artisans.
2. The percentage increase SMW of the employee for the year 2024 with respect to the year 2023 is 2.223 % (applicable for fixing sectorial minimum wages).
Edmundo Ramos, Parter at CorralRosales
eramos@corralrosales.com
+593 2 2544144
DISCLAIMER: The previous text has been prepared for informational purposes. CorralRosales is not responsible for any loss or damage caused as a result of having acted or stopped acting based on the information contained in this document. Any additional determined situation requires the specific opinion and concept of the firm.