Prior to any announcement of a salary increase by the Executive, union organizations and economic analysts speculate on an adjustment that could go from $50 to $200. The ILO cannot force the Government to raise remuneration, but it can force the authorities to sit down to determine a mechanism to set the minimum
Labor Day, celebrated on May 1 of each year, is a date on which Chavismo traditionally announces salary increases, a custom that broke in 2022 but that seems to try to resume this year, because within the framework of the Social Dialogue Forum the mechanisms for fixing the minimum wage are discussed.
With 15 days to go until the next Labor Day, one of the characters most involved in the tripartite dialogue process, Jorge Roig, affirmed that “in the coming weeks” a new minimum wage will be announced, despite the fact that he reserved talk of a possible amount.
“There will be a salary increase in the coming weeks. I cannot anticipate how much, because that is part of a discussion process and we have a commitment not to disclose it»clarified the member of the Administrative Council of the International Labor Organization (ILO) in an interview for Circuit Hits.
A year ago, the ILO arrived in Venezuela to supervise the installation and initial approaches of the Social Dialogue Forum, an instance that tries to guarantee tripartite dialogue by bringing together business, government and union representatives in the same place to settle their differences and find a solution. to the labor problems of the country.
Despite the 12 months of work of the instance, it was not until the last visit of the ILO, at the beginning of February 2023, that it was agreed to set up technical roundtables to discuss a mechanism for setting the minimum wage that takes socioeconomic variables into account. to determine a feasible monthly remuneration and propose it to the Executive, the only body that Constitutionally has the power to decree salary increases.
«What happens at the moment is that there is a technical table to discuss the fixation methods. No one can force the Government to raise the minimum wage, that is an absolute power of the State. What does oblige him is to discuss the methods with which we are going to calculate the minimum wages, “explained Roig.
Since the installation of these tables, it was known that the deadline for the presentation of results would be on April 30as the president of Fedecámaras —on behalf of the private company—, Carlos Fernández, announced since the beginning of February.
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Therefore, expectations are focused on the salary increase being announced by Nicolás Maduro on May 1, despite the fact that The spokesmen for the ruling party have ignored the demands for an adjustment for more than a yearbeyond a promise made by Vice President Delcy Rodríguez, in which promised a salary adjustment in “a few hours”, so that the salaried population would spend more than three months waiting for the promised announcement.
Little is known about the amount. Beyond the fact that Roig reserved any prediction for confidentiality, figures of between $50 and $200 are speculated. The latter is the proposal of the union groups that are present at the tables, who affirm that it is a sustainable proposal over time and that, in addition, it could increase in a few months.
The director of Datanálisis, José Antonio Gil Yepes, who also participated in the interview to Circuit Hitsemphasized the source of funds to pay salaries of these magnitudes without an adjustment affecting inflation, which is forecast for the end of the year at 500%.
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In this sense, he proposed that the Government reconsider the anti-inflationary model that it is using, changing its restrictive liquidity measures for ones that promote an expansive monetary policy that emphasizes increasing the supply of goods and services.
«We have to make a deep reflection on what anti-inflationary model we want. One that restricts liquidity including that there is no bank credit so that companies do not have working capital, that people cannot work and the worker suffers, or we want a correction through a supply expansion model. That requires bank credit, democratize the capital of the State and stop chasing the dollar », he remarked.
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