Peruvians Approve of Hike in Minimum Wage but Agree to its Impact on PyMEs

After Peru’s President Pedro Pablo Kuczynski announced that he had asked Labor Minister, Javier Barreda, to request the National Work Council for an evaluation of the minimum wage, most Peruvians are approving of the move though many note its negative impacts it will have on startups and other Small and Medium-sized Enterprises (SMEs are known as ‘PYMEs’ in Latin America).