The President of the Republic, Pedro Castillo, announced that as of December, formal workers will not earn less than S / 1,000 per month.
“As of December, no formal worker will earn less than S / 1,000 per month, until the minimum wage increases”, said the president.
The remuneration improvement will be due to the fact that in December the delivery of the subsidy of S / 70 to 2.5 million formal workers of the public and private sector with salaries of up to S / 2,000 will be finalized, a measure announced weeks ago by the premier Mirtha Vasquez.
“They will be paid a subsidy of S / 70, thus temporarily increasing the minimum salary they receive,” Castillo said.
According to government sources, this economic support is planned to cover three months of the workers’ income, but it will be paid in a single installment at the end of December, that is, S / 210 would be granted. This implies a total fiscal cost of S / 525 million.
Regarding the mechanism of payment of the bonus, it will be through the payroll of the companies, which will have to transfer the S / 210 to their workers with salaries of up to S / 2,000.
The Republic was able to know that today this standard would be approved in the Minister council extraordinary.
As it became known, the National Labor Council (CNT) is being reactivated and the process to increase the minimum wage with the participation of workers and employers will begin in the near future.
For Fernando Cuadros, former Deputy Minister of Employment Promotion, the Executive’s measure is in line, as well as the intention to raise the minimum salary. The expert considered that, As there are good economic growth projections, an increase in the minimum wage could be evaluated in the first quarter of next year. And for this, the technical mechanism of the National Labor Council. He added that economic activity and adequate employment should have fully recovered in the country first.
Likewise, he stressed that if inflation and productivity are taken into account – which are the criteria that the CNT collects -, as well as a context of economic growth, the increase in the RMV would not generate labor informality, as happened in previous increases in minimum wage.
For its part, Caesar Puntriano, Professor of the Master’s Degree in Finance and Corporate Law at ESAN, indicated that although it is not the right time to raise the minimum remuneration, the criteria for a future increase in the RMV should be established.
“If this increase is decided, it should be discussed in the CNT. Give an opportunity for social actors to manifest themselves ”, he pointed out.
Workers went to payroll
President Pedro Castillo He reported that more than 100,000 workers in a situation of informality were incorporated into the electronic payroll through the labor inspection system.
Meanwhile, the Ministry of Labor He highlighted that more than 120,000 people did not lose their jobs thanks to the payroll subsidy.
Pedro Castillo, President of the Republic
“As we announced during the presentation of the General Government Policy, they will be paid a subsidy of S / 70, thus temporarily increasing the minimum salary they receive.”
Fernando Cuadros, former Deputy Minister of Employment
“If technical criteria are taken into account, such as inflation and productivity, and if the increase occurs in a context of economic growth, it does not generate greater labor informality.”
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