NewsWhore
12-03-2009, 12:50 PM
As a result of the holiday "13th salary" an extra RD$16.5 billion will be circulating in the DR as of 8 December - RD$10.5 billion from the private sector and RD$6 billion from government. The influx of Christmas wage money is expected to boost sales and the government gets a good share of it back in sales taxes. Each year government entities and private companies give their employees a "doble sueldo" (double salary) during the holiday season. Government departments will begin paying out their bonuses on the 8 December and private companies will follow over the next few days.
Listin Diario reports that according to Social Security statistics (TSS) as of September, there were 1,184,147 workers in the formal sector, of which 60% make less than RD$10,000 a month. 15% make RD$10,000 to RD$15,000, 7% make RD$15,000 to RD$20,000, 6% make RD$20,000 to RD$25,000 while 12% make more than RD$25,000.
More... (http://www.dr1.com/index.html#7)
Listin Diario reports that according to Social Security statistics (TSS) as of September, there were 1,184,147 workers in the formal sector, of which 60% make less than RD$10,000 a month. 15% make RD$10,000 to RD$15,000, 7% make RD$15,000 to RD$20,000, 6% make RD$20,000 to RD$25,000 while 12% make more than RD$25,000.
More... (http://www.dr1.com/index.html#7)