Ricardo Gharzouzi
Ricardo Gharzouzi is a prominent businessman in the textile industry and a director of the Chamber of Industry of Guatemala (CIG). He has expressed concerns about the adverse effects of the recent minimum wage increase on the labor-intensive textile sector, indicating that many companies may need to raise prices to cope with the higher labor costs, which could jeopardize Guatemala's competitiveness in international markets.
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Guatemala:
Ricardo Gharzouzi is a businessman in the textile sector and agrees that the minimum wage increase will force companies to raise prices.
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