Furthermore, they pointed out that the national administration reached this decision with “lack of consensus” and with a “manifest attitude” to avoid agreements between the parties.
“The Minimum, Vital and Mobile Wage has been accumulating estimated loss of purchasing power greater than 70%which continues to deepen due to the strong recessionary contraction of these months, leaving the minimum wage at a value lower than that registered in December 2001,” repudiated the workers’ center.
Through a statement, they highlighted that a total of 6 million formal workers receive the SMVM and also affects social programs “that are governed by that amount.”
“From the CGT, we demonstrate against the attitude of the National Government regarding the debate on the Minimum, Living and Mobile Wage. This attitude highlights its lack of institutional respect and reveals the attitude of businessmenwilling to play their game, evading agreements with a total lack of social responsibility and who try to take advantage based only on their own profits“he concluded.
The Government defined a new floor for the Minimum Wage
As resolved this Thursday by the Government after the lack of consensus in the meetings of the Salary Council, as of December 1, 2024, the SMVM will be $279,718 per month for full-time workers and $1,399 per hour. Starting January 1, 2025, it will be updated to $286,711 monthly and $1,434 per hour.
In turn, in February 2025, the values will rise to $292,446 monthly and $1,462 per hourwhile from March 2025 they will reach $296,832 monthly and $1,484 per hour.
Likewise, the administration of Javier Milei ratified the current formula for the Unemployment Benefit, which will be 75% of the worker’s best monthly remuneration in the last six months, with a minimum of 50% and a maximum of 100% of the current SMVM.
He Minimum Vital and Mobile Wage (SMVM) It is guaranteed by article 14 bis of the National Constitution and regulated by the Employment Contract Law. This standard defines to the minimum wage as the minimum income that a worker can receive as compensation for his work.
Source: Ambito
