Brazil’s new leader wins key wage battle.

According to an article in The Wall Street Journal, Brazil’s newly-elected president, Dilma Rousseff, has succeeded in blocking a move by Congress to raise the minimum wage.  Although some low-income Brazilians may suffer, this appears to be a necessary step toward fiscal soundness because federally funded pensions are tied to the minimum wage.  To our North American eyes, Brazil’s pension system seems open to abuse.  A pension can even be passed on from parent to child — we have a dear friend who is a recipient of one, although she is in her 40s and is prosperous enough to have 6 household employees.

There was much speculation around the election whether Dilma would be tough enough.  This is an early sign that she is.

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About corcovadopress

I am the manager of Corcovado Press, which publishes works in English on Brazilian themes. We do not accept unsolicited manuscripts.
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