The Ministry of Labor set the increases at 15.6% from April, 6% in May and 5% in June. Starting next month”all monthly workers who complete the full legal working day” will earn a minimum wage of $80,342 and they will perceive$401.71 per hour daily workers”.
“As of May 1, 2023, the minimum wage is set at $84,512 for all monthly workers who complete the full legal working day, and in $422.56 per hourfor daily workers,” the resolution states.
From June 1 the minimum will start from $87,987 for those who work full time, while the hour for daily workers will be located in $439.94.
These update criteria occur within the framework of inflation of 6.6% in February and a higher expectation for March.
The Salary Council approved this scale of increases last week with 30 positive votes, one abstention from the Workers’ CTA and one negative vote from the Autonomous CTA.
In addition, a new review instance was agreed at the meeting for July 15.
The resolution published this Tuesday also set the increase in the minimum and maximum amount of the unemployment benefit: from April 1, 2023 in $22,316.76 and $37,194.60respectively.
As of May 1, 2023, at $23,475.07 and $39,125.12, respectively. While from June 1, 2023, in $24,440.33 and $40,733.88respectively.
The new wage floor will have an impact on about 400,000 workers who are outside the agreement, In addition to having an impact on the amount that received by the beneficiaries of the social plans such as Potenciar Trabajo, but also on the Accompany programs or the Progresar Scholarships.