The minimum wage rises 45% and will be $47,850 by the end of the year

The minimum wage rises 45% and will be ,850 by the end of the year

The meeting was opened by the Minister of Labor, Claudio Moroni, although an hour before the commission of Minimum salaryVital and Mobile and Unemployment Benefitswhose topics were discussed will also be part of the plenary session of the 32 members of the organization -16 per sector- under the supervision of labor officials.

As this newspaper reported, the negotiation between the State, the business chambers and the workers’ unions will take place under the premise that the administration of Alberto Fernández will agree to keep the instance permanently open to guarantee that any agreements reached that day can be submitted to just a review inflation threatens to liquefy the increases.

The deliberations were framed by the intention of the Executive to apply for this instance the guideline of 40% increases (it would give a new minimum of $46,000) that it seeks to extend in the parities of the private and public sectors.

The salary floor, key years ago to guide other joint discussions, adjustments in the informal sector and as a reference for various types of hiring, currently has its main impact on the value of social plans paid by the Government. This is the so-called “complementary social salary” that is equivalent to half of a minimum salary as well as the value of the REPRO subsidy paid by the Ministry of Labor to companies in crisis, among other programs.

Source: Ambito

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