The Minister of Labor and Social Security, Pablo Mieres, this Thursday that the national minimum wage will have an increase “a little above inflation”, which will be in force as of January 1, 2023.
The decision was made in the Superior Tripartite Council, in a meeting that took place this Wednesday at the MTSS headquarters, in Ciudad Vieja.
“The increase is going to be a little above the inflation that occurred in the year, which is estimated to be around 8.5%,” said Mieres at a subsequent press conference.
Mieres affirms again that, with this increase, the loss of purchasing power is offset because it is increasing above inflation: “The first year it was above inflation, in the second in line, and, in the third, a little higher,” he said.
Additionally, he asserted that “probably” the Average Wage Index this year is “a little above” the Consumer Price Index (CPI). “We would be talking about 2022 closing with a beginning of the recovery of the purchasing power of wages in general,” continued the hierarch and member of the multicolor coalition as leader of the Independent Party.
With this increase, then, the national minimum wage will be set at $21,106.