Life Wage and Productivity, the Two Key Concepts in the Minimum Wage Debate

El Pais

Lean Left

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The time to decree a new minimum wage in Colombia is running out. After the temporary suspension by the Council of State of the increase defined in December of 23.7%, due to problems in its argumentation, the government of Gustavo Petro has until Saturday to decree a salary increase. Although the debate about the payment received by 2.4 million people is usually a political battlefield, this year the discussion has clashed head on with the usual…

Valora Analitik

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Antonio Sanguino, Minister of Labour (left), and Germán Ávila, Minister of Finance (right). Photo: Ministry of Labour. The country is waiting for the government Petro to issue the new decree of the minimum wage, after the transitional suspension applied by the Council of State to the increase of 23 % ordered during last year. Antonio Sanguino, Minister of Labour, pointed out some of the details that will be taken into account in the midst of the…