“The armed conflict in Ukraine cannot be an excuse to lower the consumption capacity of citizens, which already dropped due to the COVID-19 pandemic," National Front for the Defense of Economic and Social Rights (FRENADESO) coordinator Jorge Guzman stated.
Panama, a net importer of fuels, experiences its highest increase in gasoline prices since 2014, with costs exceeding one dollar per liter. This situation has fostered high food prices due to the transportation costs increase.
"First-need products’ prices cannot be ruled by laws of supply and demand, which put the destinies of citizens in the hands of merchants,” National Confederation of Independent Trade Union (CONUSI) Secretary Marcos Andrade stated.
Invasion fallout frays supply chains anew in inflation shock Almost all of the 10-largest container shipping companies, responsible for moving some 80% of global trade, have stopped accepting bookings for Russian cargo and ports from Europe to the U.S. are turning away the nation pic.twitter.com/x4Yywr1LxC
Currently, about 40 minimum wages exist in Panama. The law establishes that trade unions must adjust these salaries’ levels every two through a consensus with their employers every two years.
On Friday, Panama’s Industrial Union of Flour and Allied Workers (SITHA) ended an 11-day strike after its members obtained a 4 percent annual wage increase. The protest paralyzed production at the seven facilities of the Mexican transnational company Bimbo.
"Making agreements with employers is possible, but this consensus requires protests,” Andrade highlighted, adding that national trade unions will remain united to fight for their rights.
The United States invaded Panama on this day in 1989. Thousands of people were killed to protect U.S. interests. The military incursion, involving 27,684 U.S. troops and over 300 aircraft, was sold to the public as "defending democracy." pic.twitter.com/tk7ubAURI9