La Paz, May 2, (RHC-Telesur), – Bolivian President Evo Morales announced various salary increases on Friday in honor of International Workers’ Day. The national minimum wage will increase by 15 percent from US$208 to US$239 and the general salary by 8.5 percent.

The announcement came after lengthy negotiations between government officials and representatives from Bolivia's largest trade union COB.

Between 2005-2013 alone, Bolivia has achieved an increase in real minimum wage of 104 percent, higher than any other Latin American country, according to the International Labor Organization.

In honor of International Workers’ Day Evo Morales also inaugurated the new headquarters of the Federal Workers Union of “Light and Force” (Luz y Fuerza) located in the capital La Paz.