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By Jay Forte, Contributing Reporter

RIO DE JANEIRO, BRAZIL - Despite the financial troubles facing the country, Brazil’s federal government announced that as of January 1, 2017 the minimum wage will increase to R$937.00 per month (US$287.89), which corresponds to R$4.26 per hour or R$31.23 per day. In 2016 the monthly minimum wage was of R$880.00 (US$270.38).

The decree with the new minimum wage was signed by . . .

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