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December 4, 2024
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Minimum wage: There is no agreement on productivity figures

The labor unions and the businessmen did not reach any agreement.

Minister of Labor, Gloria Inés Ramírez.

The Minister of Labor, Gloría Inés Ramírez, announced that No agreement was reached between the labor confederations and the employers to choose the productivity figure that will be taken into account in the discussion of the minimum wage.

The official pointed out that within the framework of the meeting the figures presented by the Dane for Total Factor Productivity (TFP) were reiterated, it is: 1.73; labor productivity per hour worked: 3.43; Labor productivity per person employed: 1.76 and average labor productivity: 3.14.

“Although in the productivity subcommittee we did not reach an agreement on the productivity figure to bring to the negotiation table next Monday, All parties approved the methodology presented by the Statistics Center“, accurate.

He stressed that it will be the negotiation table for labor and salary policies that will At the next meeting, define an official figure with which the bid to define the salary increase will begin.

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“We will be waiting for the inputs that are needed when the Dane next Friday presents the inflation reports to be analyzed on Monday at the next negotiation table,” he said.

Within the framework of this second day of discussion, the National Administrative Department of Statistics (DANE) explained in detail the methodology and productivity figures.

“Besides, GDP figures were presented in the third quarter of 2024, which grew by 2%showing a sustained recovery. Information was also received on the National Transfer and Labor Market Accounts from January to October of this year. This is how the reduction in unemployment and the increase in the employment rate shows a trend that is consistent with the continuous increase in the economy,” he indicated.

Next Monday, December 9, the members of the labor and salary policies negotiation table will meet again. At this meeting, the Bank of the Republic and the Ministry of Finance will present the macroeconomic figures, which will complete the important inputs for the discussion of the minimum wage, in order to maintain the purchasing power of the workers. .

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