El Salvador Income Distribution
Moderate economic growth in 1987 did not make up for the
uneven income distribution in El Salvador. Poorer segments of the
population did not share in the modest gains of the economy in
1987. In the agricultural sector, for example, the minimum wage
remained unchanged at c8 (for value of the
colon--see Glossary)
per eight-hour day; at the same time, inflation, as measured by
the consumer price index, rose by 27 percent during the first
half of 1987. Real wages in both the private and the public
sectors continued their precipitous descent to 13.3 percent in
1987. In 1987 private sector monthly wages averaged approximately
C889. Although no current measure of income distribution was
available in mid-1988, the combination of negative wage gains and
positive aggregate growth implied a worsening of income
distribution between employers and labor.
Data as of November 1988
|