“There has not been a real increase in wages because during a war it is normal for there to be significant losses. We are fighting to preserve at least one minimum wage, to preserve jobs and the country’s investment capacity,” Guedes justified during the presentation of a platform for investors.
In relation to investment, Minister Guedes assured that the current world geopolitical context led to Brazil becoming a new destination for investors since it is capable of solving the main problems that the sector presents, namely, energy, food and environmental security. .
“Investments come precisely from improving the business environment, not directly from the sale of a railway or from the sale of a port or a highway. The investments come precisely because of the improvement of the infrastructure and the regulatory framework,” he said.
The decision not to raise the minimum wage will make Jair Bolsonaro the country’s first president since the so-called Real Plan of 1992, which will leave his compatriots with less purchasing power than they had when he was elected head of state.
Without taking into account inflation, Brazilians will have lost 1.7% of their purchasing power, according to an analysis commissioned by ‘O Globo’ from the consulting firm Tullett Prebon Brasil. The salary ceiling has gone from 1,213.84 reais (about 224 euros) to 1,193.37 (220 euros) between December 2018 and December 2022.
Source: Ambito
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