“It is the general policy of President Petro and the Government stimulate a minimum salary growth in real terms,” says the minister.
The Minister of Finance, Germán Ávila, said that President Gustavo Petro’s policy It will be to maintain real increases in the minimum wage, despite warnings of experts on their economic effects.
The Minister of Finance, Germán Ávila, confirmed that the government will maintain the line of increasing the minimum wage above inflation Next year, regardless of the recommendations of experts who warn about the risks that this measure could generate in the labor market and inflation.
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“What is absolutely sure is that we will maintain the trend established in the last three years, to increase in real terms of the minimum wagewhich means that the salary increase will be above the increase in the inflation rate, ”said Ávila.
The official stressed that this process will be defined within the framework of the Concertación Board with businessmen and workers, although it made it clear that the Government already has a marked orientation: “It is the general policy of President Petro and the Government stimulate a minimum wage growth in real terms above the inflation rate. This perspective is going to be maintained and will work on this same scheme. ”
Ávila said that the exact amount of the increase will be known after the agreement of agreement, but reiterated that the final decision will have the end of the president. “The definitive increase level that takes place will be reported in a timely manner to the country,” he said.
Recently, the president of Fenalco, Jaime Alberto Cabal, confirmed that The guild will not be part of the minimum salary agreement this year. As explained, the decision is due to the lack of guarantees in the process and the economic effects of recent increases in labor costs.
Cabal said that The government has distorted the meaning of this space: “When a president says that he will take it by decree, the table is being taken out of the agreement of the discussion. And the results can be bad for the government, but finally it is not the constitutional table that is being respected.”
The union leader warned that The decreed increases have had effects on inflation: “The increase twice above inflation is again absolutely inflationary. There are the consequences: two times in a row growing consecutively.”
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According to Cabal, the economy It already shows signals of impact on investment and employment: “If it were not for the increase in the previous minimum wage and because of the effect that is already beginning to be seen of the labor reform, the investment would be below 40% at critical levels.”
Source: Integrated information system
