Rising Wages and Inflation Damage the Luster of Costa Rica
Rising wages and inflation are threatening to undermine Costa Rica’s outsourcing sector, with several outsourcing firms scaling down operation and fleeing to cheaper locations. Costa Rica has the highest rate of inflation in all of Central America and the country’s currency Colon too has continued to rise against the US dollar. Inflation in February was 6.52 percent, the highest since 2009 and beyond the central bank’s target of 5 percent, according to Bloomberg.
“It is certain that rising wages are weakening the country’s competitiveness in the global marketplace. I think Costa Rica is 20 percent more expensive than all other countries in Central America,” says Jeff Pappas, a BPO site selection expert and senior vice president at US-based real estate firm Arledge Associations.
Each day you get pizza, it is more expensive than the day before, good luck. :-\
Many business impediments remain such as high levels of bureaucracy, legal uncertainty due to overlapping and at times conflicting responsibilities between agencies, difficulty of enforcing contracts, and weak investor protection. Inflation rose to 22.5% in 1995, dropped to 11.1% in 1997, 12% in 1998, 11% in 1999 and 13% in 2008.
Tree is Three, obviously. BUT if you look at the year right now, it is 2014. Now you take out the 0 because 0 is not a natural number, so you are left with 214. Now, you double the 2 for obvious reasons and you have 414. Now since 4 on the either side cancels out each other, you are left with 1. Now, subtract 1 from Half Life 3. You get Half Life 2.