The Ministry of Labor and Social Security projected an improvement for next year and highlighted the milestones in labor matters for 2023.
He Ministry of Labor and Social Security (MTSS) anticipates a growth in the purchasing power of wages for next year, while he highlighted that there is already an improvement in this indicator on average, in line with the tenth round of Salary Tips.
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“90% of workers have already recovered or will recover in 2024 the purchasing power of their salaries and, in many cases, they will also have a growth in their purchasing power,” said the minister. Pablo Mieres, when heading the annual balance of the portfolio he heads, where he assessed that the minimum salary It did not decrease during the administration, but rather grew by an average of 1.2%.


When considering the management, during a press conference with the undersecretary of the portfolio, Mario Arizti, highlighted that this year there was a sustained recovery of employment, with 39,500 workers in unemployment insurance, the lowest amount recorded since March 2015.
At the same time, Mieres pointed out that the rate of unemployment is at an average of 8.2%, that is, “significantly lower than in 2020, with 10.5%,” while he specified that “jobs continue to increase and the current figure is similar to that of 2016 and the activity rate also achieved records similar to those of 2015.”
Finally, he highlighted that the indicator of informality It stands at 22%. “It is still below the average before the pandemic, which represents more workers with rights to social security,” said the minister.
In 2023 there was progress on labor matters in Parliament
Besides, Mieres took stock of this year’s milestones and highlighted the approval of the social security reform in April. “It solves one of the country’s big problems regarding the sustainability of the pension system,” she said.
For the leader, the regulations are governed by “criteria of equity and social participation,” while he noted that “it allows us to guarantee the social security of future generations and have resources to address other priorities.”
Along the same lines, he indicated that “a law was approved that guarantees the viability of the Bank Cash, which was facing financial and property difficulties.”
Finally, he highlighted the approval in the Parliament of the reform of the Collective Bargaining Law, which included measures linked to the observations that the International Labor Organization (ILO) had pointed out Uruguay in 2008.
Source: Ambito