Finance Enters Project that Raises Minimum Wage to $7,546
11 Articles
11 Articles
The government presented the House with a plan to adjust the minimum wage, which, as proposed by the executive...
Finally, the government entered the bill to fix the minimum wage. And while last week it was reported that the Executive’s proposal was 4% nominal in line with the inflation projection that the Central Bank has planned for the year, the Ministry of Finance decided to divide that increase by 2. According to the initiative that will begin its processing in the Chamber of Deputies, “a readjustment of the minimum monthly income is proposed according…
The new bill of the Chilean Government proposes a gradual increase in the minimum wage, seeking to balance purchasing power and formal employment in a context of high unemployment.
Congressman Marcos Barraza described as miserable the readjustment proposed by the government to the minimum wage equivalent to 1.4% i.e. $7,546. “The 2 million people living on the minimum wage have significantly lost their purchasing power. That is clearly the fruit and consequence of an adverse economic policy for [...] The post Diputado Barraza rejects the executive’s wage proposal and points to an exclusive project for reconstruction appear…
The La Moneda project presented to Congress envisages an increase in two stages.
The Original Citizen article: Fundación Sol: Increase in the minimum salary proposed by Kast government translates into an increase of $252 daily On Monday, May 4, the government of José A. Kast submitted its bill to the Chamber of Deputies to set the minimum wage, proposing an increase for 2026 from the current $539.90 to $546,546, leading to a net amount of $444,287. According to Fundación Sol, the initiative outlines that practically, "the pr…
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