The meeting will be headed by the Undersecretary of Labor, Martin Huidobro. In an inflationary scenario, union representatives will seek in the negotiation offset the cost of living, which was 4.2% in Maywhile it is expected to close around 5% in June, when it is announced official inflation data from INDEC tomorrow.
Official: The Government made official the call to the Salary Council
The Council brings together representatives of employers and trade unions to set the minimum wage and the amount of unemployment benefits. If there is no agreement between the parties, the Government will decide.
At the last Council meeting, the Government ended up setting the value of the minimum wage for April and May 2024 due to the lack of agreement between business and union representatives.
From April 1, 2024he minimum salary The salary was set at $221,052 for all monthly workers and at $1,105.26 per hour for daily wage workers, according to Resolution 9/2024. This represented a 9% increase compared to the $202,800 in March.
Meanwhile, as of May 1, 2024, the SMVM rose to $234,315.12 for monthly workers and to $1,171.58 per hour, which in turn represented an increase of 6% compared to April and 15.54% compared to March.
Inflation in May was 71.9%, while the minimum wage increased by 50.2% (from $156,000 to $234,315). This represents a decrease of 12.7%.
The minimum wage affects registered monthly or daily workers who earn less than the minimum monthly or hourly wage. And it is indirectly used as a reference for unregistered or informal workers.
Those who retired with 30 or more years of contributions (without resorting to moratoriums) have the right to collect 82% of the minimum wage.
The Unemployment Benefit was set at the equivalent of 75% of the net amount of the worker’s best normal and usual monthly remuneration in the 6 months prior to the termination of the employment contract that gave rise to the unemployment situation.
In no case may the monthly benefit be less than 50% of the minimum wage or more than 100% of the minimum wage.
Due to layoffs, the number of laid-off workers who are receiving this benefit or unemployment insurance began to rise from the end of 2023 and during these months of 2024 due to the drop in activity in the private sector.
Source: Ambito
