Private sector employees are deserving of a long overdue wage increase despite the COVID-19 slowdown according to the Guyana Public Service Union (GPSU) which said that the mooted $60,000 per month minimum should be met.
A release yesterday from the GPSU noted that a tripartite committee with representatives from the Ministry of Labour, the Private Sector, and Trade Union bodies negotiated that the private sector workers be given an increase in salary.
According to the GPSU, the private sector minimum wage has not been increased since 2017, when it was raised from an hourly rate of $202 to $255, and thus the monthly salary moved from $35,000 to $44,200 for a 40-hour week. It was also noted that the Minister of Labour had recently announced that the private sector wage would now be increased to a monthly rate of $60,000.