Uruguay is the country with the highest minimum wage in Latin America

Uruguay is the country with the highest minimum wage in Latin America

Uruguay is the country with minimum salary highest in the entire region, measured in dollars, followed by Ecuador and Chili, according to a study by the Picodi cashback platform. The country has a minimum asset of 424 dollars.

The Minister of Labor and Social Security (MTySS), Paul Mieresechoed the report and maintained on his social networks: “One more proof of our exemplary social situation. To continue like this”.

The company carried out the study where it revealed the increases that were carried out in the last time in 67 countries in the world, where he found that the nation that shows the best indicators is Luxembourg. The European country has a minimum wage of $2,140followed by Australia, with $2,022.

However, in Latin America, the ranking is led by Uruguay, seconded by Ecuador, with 407 dollars and Chili, with 369 dollars. The list goes on Argentina ($336), Paraguayan ($323) and Mexico ($315).

On the other hand, the countries of the region with the lowest minimum credit are bolivian, with 284 dollars; Colombia, with 249 dollars; Peru, with 233 dollars; and Brazil, in last place, with 232 dollars.

Argentina, the country that increased its minimum wage the most, but due to inflation

If you look at the percentage increase compared to last year’s data, Argentina is the country that shows the highest figures, with a 100%, something that responds to the elevated year-on-year inflation of almost 103% that it registers, according to its latest data. Something similar to what happens in Türkiye, where minimum wages increased by 104.5% in the last 12 months.

In the region, Mexico is the second country that raised its minimum wage the most, with 17.1%, followed by Chili, with 16.9%; Colombia, with 16%; Paraguayan, with 11.4%; Peru, with 10%; Uruguay, with 8.9%; Brazil, with 8.5%; Ecuador, with 5.6%; and bolivian, with 3.9%.

Source: Ambito

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