He minimum wage In Chile it will experience a significant increase starting July 1, going from the current $460,000 to the figure of $500,000 pesos, as committed by the Government.
This increase It represents a significant increase in the monthly income of workers who receive the minimum wage, which will contribute to improving their quality of life and purchasing power. This increase is part of the law of gradual increase in the minimum wage.
However, this increase It will not be the last, since a new increase is expected later, which could take the minimum wage to exceed half a million pesos. In accordance with current legislation, the next increase is scheduled for July 1, reaching $500,000 pesos.
Subsequently, a final rise in the minimum wagethe magnitude of which will depend on the variation in the Consumer Price Index (CPI) between July 1 and December 31, 2024, and which would apply on January 1, 2025.
The increase of minimum wage It also impacts other economic benefits provided by the State, such as the Family and Maternal Allowance and the Grace Pension, which will experience an increase in line with the increase in the minimum wage. This increase not only benefits the workers directly affected, but also contributes to boosting the economy by increasing the purchasing power of an important sector of the population.
