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Congressional Committee Approves Opinion to Estimate Minimum Wage Increases Every Two Years

Currently, the minimum wage for official workers is SGD 1,025. | Font: Andean

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Congressional Economic Commission approved the conclusion, allowing to estimate the increase in the minimum wage every two years.

At present, the minimum wage for official workers is S/ 1.025, what is set to increase it again?

The legislative initiative, which has not yet been discussed in the plenary session of Congress, indicates that the executive branch, through the Department of Labor, will be responsible for adjusting the minimum wage through a preliminary study.

This economic study should include six factors: the level inflationunemployment rates, economic growth rates, productivity indices, levels of informality and the ratio between basic remuneration and average wages.

To carry out the increase, it is also necessary to receive a positive report from the National Council for Labor and Employment Promotion and the Ministry of Economy and Finance.

Subject to all necessary conditions, he seeks to limit the political use of the increase in the minimum living wage (MW).

“Unfortunately, in Peru, the increase in RMV has not responded to a comprehensive assessment of economic variables and their impact on the labor market. minimum wage They have been used many times as a political tool to increase the popularity of the incumbent government or specific political candidates, ”the document approved by a Congressional committee says.

How has the minimum wage changed in recent years?

The last change to the RMV occurred in May 2022 when the base salary was increased to S/1025. At the time, the government assured that it would benefit more than 1.4 million private sector workers, representing 30% of its workforce.

Before that he minimal salary acted S/930, created in April 2018 in the government of Pedro Pablo Kuczynski before resigning.

Before the salary of 930 chests, the base wage was 750 c/, increased in July 2012, and before that – 675 c/, established in August 2011. That is, over the past 12 years, the minimum wage has increased by C/350.

Source: RPP

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