Currently, the Minimum wage In Chile it is approximately $500,000, however in the last few hours it was confirmed that it will be increased.
How much will the Minimum Wage increase in Chile in 2025?
The new minimum wage for those over 18 and up to 65, which has been in force since January 1, 2025 and whose majority of employees will receive in order to Januaryit would be $510,500. However, the authorities assure that this January increase would be increased even further in a new increase in the minimum wage that is about to take place.
Said readjustment in the Minimum wage It responds to the variation in the Consumer Price Index (CPI) registered between July and December 2024, according to data from the National Institute of Statistics (INE).
When does the new Minimum Wage come into effect in Chile?
Article 6 of Law 21,578 establishes that “no later than April 2025, the President of the Republic must send to the National Congress a bill that proposes a new readjustment of the amount of the minimum monthly income.”
That is why the new Minimum wage It should come into effect on May 1, 2025, and on that same date increases in the Family, Maternal Allowance and Family Subsidy will also be implemented.
The authorities clarify that, in the event of delays in the legislative processing of the readjustment, the payment of the Minimum wage It will be retroactive, guaranteeing that workers receive the corresponding amount from the stipulated date.
