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Pay & benefitsGlobal HRMinimum wage

Castro doubles Cuba’s minimum wage

by Personnel Today 17 May 2005
by Personnel Today 17 May 2005

Cuba’s president Fidel Castro has announced plans to more than double the country’s current minimum wage.

Labourers earning about 100 Cuban pesos (£2.13) a month will see their wages rise to 225 pesos (£4.79) this month. The move will benefit 1.6 million workers, including farmhands, plumbers and undertakers, who survive on the lowest wages.

Castro’s confidence in the economy has been buoyed by closer trade relations with Venezuela and China. Oil deposits have also recently been discovered off Cuba’s coast.

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Cuba’s economy has been struggling since the collapse of its former backer, the Soviet Union, in 1991. However, the government recently introduced a number of measures in an attempt to improve the livelihood of its citizens.

At the end of March, the 78-year-old president announced a rise in payments for Cubans claiming welfare, including single mothers, widows and disabled people. The increase will benefit 1.5 million Cubans. He said the minimum wage increases would cost the Cuban government about 1.1bn pesos.


Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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