The Government set the new value of the minimum wage since May at $234,000

The Government set the new value of the minimum wage since May at 4,000

The Government ordered to increase the Minimum salary, vital and movil from $202,800 from March to $234,315.12 as of May 1. In the middle, the April increase was also determined.

Due to the lack of agreement at the Wage Council meeting, the The Ministry of Labor published resolution 9 tonight in the Official Gazette to determine the increase that will apply for the SMVM in the months of April and May.

In this regard, the regulations indicate that the value of the minimum salary “as of April 1, 2024, in PESOS TWO HUNDRED TWENTY-ONE THOUSAND FIFTY-TWO ($ 221.052.-) for all monthly workers who complete the full legal working day, in accordance with article 116 of the Employment Contract Regime approved by Law No. 20,744 (to 1976) and its amendments (…)”. In addition, it determined the value per hour for daily workers at $1,105.26.

While since the 1st of May of 2024, the value that governs the SMVM It is $234,315.12 “for all monthly workers who complete the full legal working day, in accordance with article 116 of the Employment Contract Regime approved by Law No. 20,744 (to 1976) and its amendments, with the exception of the situations provided for in articles 92 ter and 198, of the same legal body, who will receive it in their due proportion”. Likewise, the daily wage is $1,171.58.

Likewise, it determined that the Unemployment Benefit provided for in article 118 of Law No. 24,013, for workers with or without agreements, “will be equivalent to SEVENTY-FIVE PERCENT (75%) of the net amount of the best monthly remuneration, normal and habitual of the worker in the six (6) months prior to the termination of the employment contract that gave rise to the situation of unemployment.

Due to lack of agreement, the Government set the new value of the minimum wage

It is worth remembering that in recent days the meeting of the Salary Council was held in which the CGT and the two CTA They fought for an adjustment of up to 80% of SMVMagainst a 8% in May and 5% in June that the business chambers proposed. Given so much difference, there was no possible rapprochement and the Government must decide.

Hugo ”Puppy” Godoygeneral secretary of the Autonomous CTA, expressed himself through his X account (formerly Twitter): “The three union centers unify the proposals in $377,000 for the month of April which is equivalent to 80% increase and to be above the poverty basket. However, businessmen unusually proposed an increase of 8% for the month of May and 5% for June.”

“As there was no agreement, the government and the businessmen of the UIA, the CAME and the Rural Society prevented the full functioning of the Council and forced an embarrassing end in which the government will decide, once again by decree, and surely against the interests of the workers“he added.

The last meeting was on February 15, when the SMVM was in $156,000, value set during the administration of Alberto Fernández. Like this week, it did not come to fruition either and the increase was established by the Decree of Necessity and Urgency (DNU).

Source: Ambito

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