Informacion economica sobre Cuba

Cuban salaries rise to $19 a month

Average pay in the Communist-ruled nation rises 17 per cent in five

years, state data shows

AFP, Tuesday 5 Jun 2012

The average monthly salary in Cuba rose 17 per cent between 2006-2011 to

the equivalent of $19, the state statistics office said Monday.

That meant the average monthly wage of workers in Cuba — where the

Communist-ruled state controls more than 90 per cent of the economy —

climbed from the equivalent of $16 a month in 2006 to $19 last year, the

office said on its website.

Low salaries are a key complaint in the Americas' only one-party

Communist regime. There is a very small salary range from unskilled to

highly skilled labor; so a street sweeper might make $17 and a brain

surgeon $22 a month.

In the Caribbean nation of 11 million, education and health care are

free or nearly free, but the cost of putting food on the table remains a

major everyday concern.

Cubans who have access to hard currency — those who work in tourism or

who have relatives overseas — can spend it to supplement their incomes.

But million have no such access.

President Raul Castro's government has trimmed state payrolls and

allowed a few crowd-pleasing changes like allowing Cubans to stay in

hotels that once were only for foreigners.

But Castro, 81, has not launched any wholesale overhaul of Cuba's

decrepit centrally planned economy which is kept afloat largely by

Venezuelan economic support.

http://english.ahram.org.eg/NewsContent/3/12/43876/Business/Economy/Cuban-salaries-rise-to–a-month-.aspx


Related Articles:

Print Friendly, PDF & Email

Leave a Reply

Your email address will not be published. Required fields are marked *

Calendar
June 2012
M T W T F S S
« May   Jul »
 123
45678910
11121314151617
18192021222324
252627282930  
Please help us to to pay for more powerful servers. Thank you.
Peso Convertible notes
Peso Convertible
Archives