In this part of the year, the attention of workers and businessmen revolves around the amount that will define the minimum wage in 2025 in Colombia.. It is important to keep in mind that this is an impact for the economy and although an agreement has not yet been reached, some figures are being handled for officialization in the coming days. Faced with this scenario, What has been the variation that the soil has had in the last 10 years?
Please note that: “The Legal Minimum Wage (SML) is used as a policy to help the poor. On the production side, in the factor distribution of income, if the SML is above the equilibrium price there is a transfer to the workers who are remunerated by the SML“, they maintain from the official website of the Bank of the Republic, taking into consideration that a proportion of the salary is allocated to the purchase of goods and services.
Bancolombia Through its website it has announced the changes that have occurred in the remuneration of workers in Colombia.
Faced with this situation, he indicated: “History shows that different governments have sought to maintain a balance between protecting purchasing power and avoid excessive inflationary pressures, but there have also been political decisions that tip the balance towards workers,” he pointed out.
(See more: The 5 predictions for 2025 that Colombians should know, according to a consulting firm)
“The increases have exceeded inflation by at least one percentage point, although with some significant exceptions,” he added.
What was the value of the minimum wage in the last ten years?
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The minimum wage from 2014 to 2024 in Colombia
Below we leave you the values that were from previous periods:
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2014: $616,000 with a rise of $4.5
2015: $644,350 and an increase of 4.6%
2016: $689,455 with a growth of 7%
2017: $737,717 and an increase of 7%
2018: $781,242 and a reduction of 5.9%
2019: $828,116 and an increase of 6%
2020: $877,803 with an increase of 6%
2021: $908,526 and a drop of 3.5%
2022: $1,000,000 with an increase of 10.7%
2023: 1,160,000 and an increase of 16%
2024: 1,300.00 and a decrease of 12%
