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Economist: if a President Cares About the Poorest, He Should Lower the Minimum Wage

Summary by Cooperativa
Michèle Labbé, of the USS, said that the increase in the minimum wage caused 165 thousand people to become unemployed because “new labour costs were imposed.” “For the current coalition of government there is one element that is more important: to assure the population minimum levels of subsistence,” said economist Eugenio Rivera.
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Reducing the minimum wage and defending Marcela Cubillos' million-dollar salary at the USS is what Michèle Labbé, an economist at Matthei, proposes.

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Michèle Labbé, of the USS, said that the increase in the minimum wage caused 165 thousand people to become unemployed because “new labour costs were imposed.” “For the current coalition of government there is one element that is more important: to assure the population minimum levels of subsistence,” said economist Eugenio Rivera.

Michele Labbé, Chilean economist Come on, generates controversy by suggesting a reduction in the minimum wage, fueling the electoral debate by 2025. To read the full article, visit The Times in Spanish Source

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El Universal Chile broke the news in on Thursday, July 3, 2025.
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