The president of the union assures that the increase is disproportionate and the companies could collapse.
Banknotes and coins of different denominations of Colombian pesos. The peso local currency of Colombia
The president of Fenalco, Jaime Alberto Cabal, He said that the increase in the minimum wage for 2025, which will be 9.54%, is populist, since it only seeks to ingratiate itself with the country’s workers and unions, without taking into account that it has no economic, social, or technical support.
The union leader said that this decree puts at risk the low interest rates and the fight against inflation that the Bank of the Republic is doing.
You may be interested in: President Gustavo Petro decreed the minimum wage in 2025: this is how the increase remained
For Cabal, This increase is disproportionate to the extent that there are many products and services indexed, That is, they grow based on the increase in the minimum wage.
He warned that with andThis salary increase and If the labor reform prospers, companies in Colombia will collapse.
Likewise, he pointed out that With this salary increase, payroll costs increase, which could generate more unemployment in Colombia, while putting the country’s micro, small and medium-sized businesses in danger.
The union leader warned that Within companies, it must be taken into account that it is not the 9.54% increase that the Government decides, and“There is an increase of approximately 68%, derived from parafiscal and other labor costs.”
It is worth remembering that neither the businessmen nor the workers, after several meetings with the accompaniment of the Minister of Labor, Gloria Inés Ramírez, reached an agreement on increasing the minimum wage Therefore, the National Government determined to issue it by decree.
For its part, the president of the Unitary Central of Colombian Workers (CUT), Fabio Ariasconsidered that the increase in the minimum wage means an average increase of 11% compared to last year.
