Updated Dominican Republic Minimum Wage: February 2024 Impact
Minimum Wage Increase: A Two-Phased Approach The Dominican Republic implemented a two-phased minimum wage increase effective February 1st, 2024. This adjustment, however, is not uniform across all businesses. Instead, it's tiered based on company size, creating varying impacts on both employers and employees. The government's rationale for this tiered system requires further clarification, but the economic consequences are already being felt across the country. Detailed Breakdown of New Minimum Wage Rates The new minimum wage rates, effective February 1st, 2024, are categorized by company size: micro, small, medium, and large....