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The increase in the minimum vital remuneration could take place in the first quarter of 2022

The Executive has on the agenda to raise the minimum vital remuneration (RMV) next year, and for this they called the trade union centrals and business unions to attend this Saturday, at 10:00 am, to the Government Palace with the aim of reactivating the National Council for Labor and Employment Promotion (CNTPE).

It would seek to resume the technical dialogue in the Special Commission on Productivity and Minimum Wages of the CNTPE, so that the minimum wage can be increased, which has been at S / 930 since March 2018.

Palatial sources point out that one possibility is that the decision to increase the minimum vital remuneration would take place in the first quarter of 2022, however, this will depend on the dialogue with workers and employers.

One of the main reasons why the Executive would make this decision is because in recent years the cost of living has increased, however, the RMV has been maintained (see infographic). In addition, they take as a reference the thesis of the Nobel Laureate in Economics David Card, who showed that an increase in the minimum wage does not necessarily have negative effects on job creation.

For the general secretary of the General Confederation of Workers of Peru (CGTP), Gerónimo López, it is urgent to raise the minimum wage due to the increase in the products that make up the basic family basket.

“In every country in crisis, the first thing governments do is increase the salary of workers and pensions for retirees in order to recover the purchasing power that has been lost. as a result of the rise in the basic family basket ”, said the leader.

The former Deputy Minister of Employment Fernando Cuadros He commented that if the economy shows favorable growth for the country, there would be room to raise the minimum wage.

“It would be feasible to evaluate in February if there would be an increase [de la RMV], and for this, the technical mechanism of the CNTPE would have to be taken ”, he commented.

Dissenting voice

Meanwhile, the labor lawyer German Lora argues that it is not the best time for an increase in the RMV, since there are still thousands of jobs lost and the Executive should focus its policies on recovering those jobs.

“I do not believe that the economic situation of the country improves substantially as for the increase of an RMV that what it does is affect the labor relations of micro and small companies especially”, noted the expert.

It is important to mention that there are around 450,000 workers in the country who receive a minimum wage, which is equivalent to 13% of the formal private employed EAP, according to official figures.

Bonus to workers

This debate on the increase of the RMV takes place after the President of the Republic, Pedro Castillo, announced that he will grant a bonus of S / 70 to formal workers who have salaries of up to S / 2,000.

Although initially it was said that it would reach 2.5 million private and public workers, The Republic was able to learn that this economic support would reach about 3 million people, which would imply a fiscal cost of approximately S / 600 million.

Although the measure is S / 70 for three months, the payment would be given only once, that is, in December S / 210 would be granted to formal workers who earn less than S / 2,000 per month.

Payment of the bonus would be through Essalud

The rule that approves the S / 70 bonus to formal workers would be given next week in the Council of Ministers, after some adjustments were made yesterday.

The payment to the workers would be made through Essalud, an entity that will be in charge of transferring the financial support to the bank accounts of the beneficiary workers.

Sources close to Executive They indicated that those who will access this financial support must have been registered in the payroll in July, August or September. In addition, it has no scope for those who belong to the training modalities.

Meanwhile, public servants must be registered in the AIRHSP computer application.


Gerónimo López, General Secretary of the CGTP

“In every country in crisis, the first thing governments do is increase the salary of workers and pensions for retirees in order to recover the purchasing power that has been lost.”

Germán Lora, labor lawyer

“We must seek in 2022-2023 that the jobs that were lost or that went to the informality are recovered, and the increase in the minimum wage does not help that.”


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