The Secretary of Labor of the Nation, Omar Yasin, anticipated in December that the Government would call for the organization to meet in the first days of 2024, it was only postponed to the end of this month.
The Government will make the call to the Salary Council between January 20 and 30, as confirmed official sources to Ambit.
The Secretary of Labor of the Nation, Omar Yasin, anticipated in December that the Government would call for the organization to meet in the first days of 2024, it was only postponed to the end of this month. The intention is to apply “considerable” increases, in parallel to the joint ventures “in the public sector”, which will have an impact on social programs and unemployment insurance.
Minimum wage: how much is charged in January
The current minimum wage was established in September 2023 with a gradual increase that left the basic income at $156,000 pesos.
In the last call, the way in which it is calculated and update the SMVM, and although until that date, it represented half of the average salary of a worker during the last six months, as of that last increase, it was calculated as 75% ofThe average salary of a worker during the same period of time.
The basic salary has still not been updated since December by the Milei government and stands at $156,000, when the devaluation caused prices to jump above 20%.
In this way, the minimum monthly wage of the country In dollars, at the end of December it was the penultimate lowest in Latin America, with 152 dollars, according to the consulting firm Statist. Venezuela, with 3.61 dollars, has the lowest in the entire region, in which Costa Rica leads the measurement, with 687 dollars, which exceeds Argentina by four and a half times.
Source: Ambito
