Government representatives, labor confederations and businessmen plan to meet again Describe the increase in the minimum wage in 2024.
Although the first legal deadline for the agreement expired last Friday, the parties wanted to extend the period because they were confident that they could reach an agreement.
(Context: Minimum wage in Colombia: Minhacienda’s expectations due to the 2024 increase figure)
The increase proposal made by the union movements at the negotiation table was 18 percent.
So the minimum wage goes from the current 1,160,000 pesos to 1,368,800 pesos, plus 165,915 pesos for transportation assistance.
labor unions came without an offerbut with a letter arguing why they did not find it appropriate to set a figure.
His statements were based on two causes for concern: the possibility of setting an increase disproportionate to the economic outlook and the fact that the increase is being discussed at the same time labor reform is being worked out in Congress.
Some Experts stated that the salary will most likely be determined at 12 percent. However, the most accurate data available on the factors that will determine the increase is inflation.
Finance Minister Ricardo Bonilla guaranteed that the approximate figure for the end of 2023 will be 9.7%. Some experts make calculations by projection, taking into account that the increase cannot be less than the inflation figure predicted by the norm.
Taking into account the value of inflation, which is often the basis for this ranking of ideas and some analysts’ forecasts, The increase in the minimum wage will be 112 thousand 520 dollars. Therefore, in this hypothetical projection, the amount would be 1,272,520.
Follow the pulse of employers and unions minute by minute regarding the minimum wage increase for next year:
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Source: Exame
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