Updated 2024 Salario Minimo en Republica Dominicana: Impact Analysis
The Dominican Republic implemented a significant minimum wage increase in 2024, a two-phased adjustment impacting businesses, workers, and the national economy. This analysis examines the consequences of this change, highlighting areas needing further research. The 2024 Minimum Wage Hike: A Phased Approach The minimum wage saw a substantial 19% increase, implemented in two stages: April 2023 and February 2024. This staggered approach aimed to mitigate potential economic shocks, but its effectiveness remains a key question....