HE to increase The issue of minimum wage is one of the most interesting news of recent days.
Because the agreement, which is in the hands of labor confederations, businessmen and the government today, affects more than a million people who earn this money today. wage In Colombia.
So far, only unions have put their offers to the negotiating table; Again, Many figures have been put forward in national debates these days.
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As a starting point, it is important to emphasize that Labor Minister Gloria Inés Ramírez agreed that the increase should be in double digits, that is, more than 10%.
Last year’s increase was 16% and was classified as a historic event. However, experts state that this figure is not a very low figure for next year.
Here are some numbers.
– 18%: Proposal brought to the three-party table worker centers was to increase next year’s minimum wage by 18 percent.
So, it goes from the current $1,160,000 pesos to $1,368,800 pesos, which in practice translates into a transportation allowance of $165,915.
Until today businessmen They did not give an official figure. However, as they say, they see 18% as a very high rate.
“The labor confederations have given a figure taken out of their sleeves, which drives away the possibilities of a wage agreement. But we ask you to reconsider this based on the technical figures we know,” said Jaime Alberto Cabal, president of the traders union Fenalco.
The government is waiting for an agreement to be made on its behalf. However, the Ministry of Labor aims to index more products to the minimum wage regardless of the increase, thereby preserving the purchasing power of Colombians.
– %12: Taking inflation and productivity values as a starting point, experts talk about an expected increase of 12 percent.
So some $139,200This will increase the basic income of Colombians to approximately $1,299,200.
The value of the increase predicted by some financial institutions is not far from the experts’ predictions. They actually range from 9% to 13%, with 12% being the most option.
Here are each of the projections.
– 10%: The Brokerage House estimates that inflation will fall between 9.5 percent and 10 percent this year and productivity will decrease. Therefore, he says the increase will most likely be 10 percent.
So, $116,000This will increase the basic income of Colombians to approximately $1,276,000.
In the middle of these two projections is Scotiabank Colpatria’s projection, which varies between 11% and 11.5%.
– 11.46%: Grupo Bolívar forecasts an increase of 11.6%; So from 1,160,000 1,292,936 Colombian pesos. Itaú, on the other hand, keeps its range between 10% and 12%.
– 11.8%: Banco de Bogotá forecasts growth of 11.8%. In this case, the increase will be 136,880 pesos, which will cause the salary to remain at the same level. 1,296,880 Colombian pesos.
– %12: Finally, Alianza Valores suggests a range of 11% to 12%, while Bancolombia suggests a 12% increase.
So about $139,200, which is the basic income of Colombians Approximately $1,299,200.
In summary, financial institutions will expect an increase in the peso ranging from US$127,600 (11%) to US$150,800 (13%), with the minimum wage settling between US$1.28 million and US$1.31 million respectively.
Another figure that was subject to discussion was the salary increase to 2 million pesos; However, this will also have conditions.
According to Oliver Pardo, director of the Financial Observatory at the University of Javeriana, “the minimum wage $2,000,000but it eliminates some job benefits.
And X added to his account: “For this Relieving the employer’s burden and creating new employment. This year’s minimum wage is $1,160,000 per month, but when we add all the expenses borne by the employer, the cost of hiring a minimum wage employee can reach almost $1,800,000 per month.”
We are still waiting for the final response from the negotiating table to find out what figure they will set for the 2024 minimum wage increase in Colombia.
GERALDINE BAJONERO VÁSQUEZ
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Source: Exame
