US EditionPetro Makes Historic Raise to Colombia's 2026 Minimum Wage
17 Articles
17 Articles
President Gustavo Petro ordered on December 29, by decrees 1469 and 1470 of 2025, a historic increase of 23.7% to the minimum wage for 2026. With this decision, the basic income goes from $1,423,500, which with the assistance of transportation of $200,000 amounted to $1,623,500, to $1,750,905, plus a transport aid of $294,095, raising the total monthly remuneration to two million pesos. The measure was adopted without consensus in the Labor Poli…
New Strait Times
The Peninsula QatarPetro makes historic raise to Colombia's 2026 minimum wage
BOGOTA: Colombian President Gustavo Petro announced on Monday the country's minimum wage would increase by 23.7 per cent starting in the new year, its highest raise in 25 years.
The president of Colombia, Gustavo Petro, announced on Monday a historic increase of 23.7% in the minimum living wage for the year 2026, remaining at 2 million pesos per month along with transport aid (about 530 dollars).The Colombian president, who made the announcement in a televised address with his minister of labor, Antonio Sanguino and his youngest daughter, Antonella Petro, assured that the increase was determined on the basis of internat…
The reactions of the citizens regarding the increase of the minimum wage are divided. Some claim that it is fair, others claim that in the long run it will have serious repercussions on the cost of living. We go out to the streets to ask the public what they think about the increase of the minimum wage. The answers are divided. Small business owners pose what are the steps to follow to be able to sustain the operating capabilities of their compa…
Bogotá, 30 Dec (Prensa Latina) The increase in the minimum wage in Colombia by 2026, which will be of more than 23 percent as decreed by the president, Gustavo Petro, cheers today the trade union organizations, but generates discomfort in the business unions. The post Colombia: Trade unions celebrate better wages, entrepreneurs complain first appeared on Noticias Prensa Latina.
Petro Government Reveals How Much Prices Will Rise After an Increase of 23 % in Minimum Wage by 2026
Antonio Sanguino, Minister of Labor of Colombia. Photo: file Valora Analitik Colombia's Minister of Labor, Antonio Sanguino, said today that salary is just one of the many components of the factor of production costs in the economy and, based on this, estimates that this increase in wage costs by 23 % by 2026 could have an impact of 0.6 % on product prices. “This means that it has a marginal impact, contrary to an expansionary impact that has th…
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