Following the federal government’s announcement, the 2024 minimum wage, effective from January 1st, was established at R$1,412.00. The new value represents an increase of 6.97% in relation to the 2023 minimum wage, which was R$1,320.00.
What is the minimum wage in 2024?
The minimum wage established for this year is R$1,412.00. This adjustment is calculated based on inflation accumulated in the 12 months prior to January, which, for the year 2024, reached 3.85%, according to the National Consumer Price Index (INPC).
Furthermore, the federal government chose to grant a real gain of 3%, ensuring that the increase in the minimum wage was higher than inflation. This measure aims to preserve workers’ purchasing power, strengthening their financial conditions.
It is worth highlighting that the increase in the minimum wage goes beyond a mere question of numbers; This is a crucial measure to improve the quality of life of Brazilian workers. Contributing to the reduction of inequality and poverty, increasing the minimum wage plays a significant role in boosting the country’s economic growth.
Minimum wage 2024: Find out what the new value looks like with real gains
Impacts of the 2024 minimum wage adjustment
The increase in the minimum wage goes beyond the limits of workers. It also affects several sectors of the economy, from commerce to social security. Furthermore, by ensuring a real gain of 3%, the adjustment contributes to strengthening the financial conditions of workers and improving the quality of life of Brazilians in general.
The value of the minimum wage in previous years
See the minimum wage values over the last 23 years:
- 2023: R$ 1.320,00
- 2022: R$ 1.212,00
- 2021: R$ 1.100,00
- 2020: R$ 1.045,00
- 2019: R$ 998,00
- 2018: R$ 954,00
- 2017: R$ 937,00
- 2016: R$ 880,00
- 2015: R$ 788,00
- 2014: R$ 724,00
- 2013: R$ 678,00
- 2012: R$ 622,00
- 2011: R$ 545,00
- 2010: R$ 510,00
- 2009: R$ 465,00
- 2008: R$ 415,00
- 2007: R$ 380,00
- 2006: R$ 350,00
- 2005: R$ 300,00
- 2004: R$ 260,00
- 2003: R$ 240,00
- 2002: R$ 200,00
- 2001: R$ 180,00
- 2000: R$ 151,00
How to increase salary?
For those seeking a higher salary, a frequently cited path is investing in education. An undergraduate or postgraduate degree attracts the attention of many companies, which value academic training and the ability for critical analysis and problem solving acquired during studies.
On the other hand, you shouldn’t just focus on graduation. Specializations offer more in-depth knowledge in a specific area, making the professional more qualified and differentiated in the job market. The constant search for updating and learning throughout your career is valued, as well as the importance of specialization courses, certifications and participation in workshops for continuous development and a better salary perspective.