Labor shortages boost wages in region

Competition is heating up in Central America for labor in sectors such as agriculture, construction and domestic service.

Friday, April 25, 2008

Wages are increasing rapidly because of the shortage in Panama, Costa Rica and El Salvador.
In Panama and Costa Rica alone, some 300,000 workers need to be imported for harvests and the modernization of the Panama Canal, according to the World Migration Organization.

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Panama and Costa Rica will need to import 300,000 workers: IOM

April 2008

Costa Rica and Panama will have to import about 300,000 workers over the next few years to ensure the harvest of their agricultural products and the modernization of the Panama Canal, an official from the International Organization for Migration (IOM) says.

The IOM director for Mexico and Central America, José Pirés, said these countries will have to import workers from Bolivia, Ecuador, Colombia, Cuba or Brazil to meet the demand for workers.

Manpower holds regional employment fair

April 2008

The human resources consulting firm Manpower will hold its first regional employment fair April 24-26. It hopes to fill 400 vacancies for technicians and professionals for its local and international clients.

Participating countries include Costa Rica, Guatemala, El Salvador, Honduras, Nicaragua, Panama and the Dominican Republica. The fair will take place simultaneously in the Manpower offices of the seven countries.

Unpredictable Minimum Wages Kill Jobs

March 2011

The cost of labor is critical for textile companies which migrate from Honduras to El Salvador and Nicaragua, where wages are lower.

Daniel Facussé, president of the Honduran Manufacturers Association (AHM), states that 16 textile companies have moved their operations from Honduras to Nicaragua and El Salvador since the end of 2008.

Employment crisis in Central America

January 2009

The consequences only could be offset by investing in education and technology and increase the added value of export products.

"Central American, and Nicaragua in particular, will not escape the wave of unemployment that the global economic crisis will cause around the world.

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