Saturday, February 07, 2009

Please pray for Honduras, for the economy and for wisdom in the government....Here is a news article concerning the closing of businesses because they are unable to pay the increased minimum wage ordered by the government:

15,000 Businesses could be closing because of Minimum Wage Increase

January 19th, 2009 ·

According to the president of the Chamber of Commerce and Industry in Danli and the head of the Chamber of Commerce and Industry Federation (Fedecamaras), Miguel Berrios, over 15,000 thousand companies that can’t pay the minimum wage increase could be closing in Honduras.

Berrios informed that as a small business owner, he is closing one of his businesses since there is no way he can afford to pay the minimum wage, he also believes that over 300 small and medium businesses will close on the eastern area of Honduras.

Berrios also informed, “In all of Honduras, we are talking about an estimated 15 thousand businesses that will close. That is a list we have from the Chamber of Commerce sector nationwide.”

No comments: