2024-07-04 08:38:30
This measure is the result of an agreement signed between the Central Unitary Workers’ Union and the Government through the Ministry of Labour and Social Security and the Ministry of Finance.
This July 1st a deal will be made new increase in the minimum wage, which will go from $460 thousand to $500 thousand.
Raising the minimum wage was one of President Gabriel Boric’s commitments, which had the support of Congress.
The minimum wage rises to $500 thousand this Monday, July 1, which considers a series of support measures for SMEs with a new subsidy that seeks to offset the impact of this increase, the largest in the last 29 years.
This measure is the result of an agreement signed between the Central Unitary Workers’ Union and the Government through the Ministry of Labour and Social Security and the Ministry of Finance.
Minister Jeannette Jara explained on TVN’s Estado Nacional that the rule establishes a “gradual approach to limit the effect on the economy, employment and SMEs, which considered an initial increase, from 410 thousand to 440 thousand pesos, on May 1, 2023; then, to 460 thousand pesos, on September 1, 2023; and, finally, to 500 thousand pesos, effective from July 1, 2024.
“It also provides that on January 1, 2025, the basic salary will be adjusted according to the CPI of the last six months,” he added.
Eric Campos, general secretary of the CUT, stressed that it is “a very important milestone, given that it is the most significant increase in recent years, but still insufficient in terms of a goal that we have to set ourselves as a society, which is that the minimum wage covers at least the needs of a family so as not to be below the poverty line.”