Government to Formalize by Decree a Phased Increase in the Minimum Wage to $437,000 - La Critica
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The national government will define by decree a new scheme of increases for the Vital and Mobile Minimum Wage, after employers and union representatives failed to reach an agreement in the Salary Council. The schedule includes eight monthly increments, which will begin in September 2026 and will extend until April 2027. From [...] The minimum wage entry: the government prepares an increase by decree and raises it to $437,000 since April 2027 was…
After the failure of the negotiation between unions and employers in the Salary Council, the government will formalize this week a scheme of staggered increases for the Minimum Vital and Mobile Wage (SMVM), which will go from the current $376,600 to $437,000 in April 2027. The schedule includes monthly increases of between 1.72% and 1.94% since September 2026 and will also raise the value of the hour for day laborers. After the failure of [...]
Following the failure of the Salary Council, the Government will, by decree, set a monthly step-up to bring the Vital and Mobile Minimum Wage to $437,000 in April 2027, starting from the current $376,600. The official schedule will be extended over eight months, starting in September with a $383,800 and a monthly salary... Read more
The details will be published in the next few hours through a decree, after the negotiation between trade unions and employers was frustrated during the meeting of the Salary Council.
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