Minimum wage increase goes into effect in Brazil

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Minimum wage increase goes into effect in Brazil
BRASILIA (BDCi) – – Now that 2012 is here, workers just got a small raise in their minimum wages from 2011’s BRL 545 to 2012’s BRL 623 per month.

The change was signed into law in December 2011 and represents a 14.3% year over year increase in the minimum wage.

The monthly minimum wage in Brazil represents approximately $2/hour for a full-time worker in the United States. By comparison the minimum wage in the U.S. state of California is $8/hour.

By Don Weinstein
Source: Wall Street Journal
Photo courtesy of: Laeconomia
2 January 2012
2:56p.m. P.S.T.

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