Minimum wage: the Government convened the Salary Council to define a new increase

This Monday, through the Official Gazette, the Government convened the Salary Council to discuss what will be the new increase in minimum salarywhich is currently at $69,500.

In this way, the Executive will meet with the Salary Council to establish how much will remain the remuneration for formal workers. Furthermore, the increase in minimum salary it also affects the adjustments of social plans.

The Ministry of Labor will supervise the meeting.

The meeting between the parties will take place next Tuesday, March 21 and it will be the first call of the year to discuss increases in minimum salary. It should be remembered that the last meeting was held last November.

On that occasion it was defined that the salary would remain at $61,953 from December 1: then it would increase to $65,427 from January 1, to $67,743 from February 1 and to $69,500 in March.

The increase will affect unemployment benefits.

With the agreed increase, the remunerative floor was updated by 7% in December, 6% in January, 4% in February and 3% in March, to achieve a rise of 110.5% for the full parity year.

Next Tuesday’s meeting will take place in a context marked by inflation, data that must be taken into account to set the increase for the coming months, since the idea is that wages do not fall below the price index.

The Government wants workers to recover their purchasing power.

It should be remembered that, last Friday, The Ripte index of the Ministry of Labor revealed that the average salary of registered workers grew by 3.8% per month in Januarywhile inflation in that month was 6%, that is to say that income of workers fell well below inflation.

The details of the call

Through Resolution 1/2023, published in the Official Gazette, the Government set the first day of the meeting on March 21, 2023, at 4:00 p.m., through a virtual platform.

The main business chambers will participate in the meeting.

It also establishes that “the Salary Commission will have as its agenda the determination of the Minimum salary, vital and movil, within the framework of the provisions of article 135, subparagraph a) of Law No. 24,013 and its amendments. And at the same time agree on the minimum and maximum amounts of the unemployment benefit, within the framework of the provisions of article 135, subparagraph b) of Law No. 24,013 and its amendments.

Source link