Members of the National Work and Wages Council will meet again this Friday, November 17 afternoon, to continue their analysis of the setting of the basic wage that will apply in 2024.

The first meeting was held on November 9, where trade union and business representatives received the country’s official economic forecasts. They have to reach a consensus about the salary so that the Government does not determine the salary increase. The current minimum wage is $450.

Everything you need to know about the basic salary increase in Ecuador

The president of the Ecuadorian Confederation of Unitary Class Workers’ Organizations (Cedocut), Mesías Tatamuez, indicated that the meeting was originally scheduled for 3:00 p.m., but this Thursday, November 16, he was informed of the time change and invited to 4:00 p.m. .

The trade union sector, according to President Cedocut, maintains that the single basic salary (SBU) is equal to that in the life basket, that is, 550 dollars, while on the side of the employers they demanded that technical jobs prevail. .

For Tatamuez, it is important that the salary is determined taking into account what is established in Article 328 of the Constitution and the twenty-fifth transitional provision.

2024 base salary no longer dependent on Guillermo Lasso due to Daniel Noboa estate progression

The aforementioned article states that “remuneration will be fair, with a decent wage that covers at least the basic needs of the worker, as well as the needs of his family; – It will not be confiscated, except for the payment of alimony.

And the twenty-fifth transitional provision states that “the annual revision of the basic salary will be carried out gradually until reaching the minimum for living in accordance with the provisions of this Constitution. The basic salary will try to be equal to the cost of the family basket. Universal retirement for the elderly will be implemented gradually.”

The outgoing government had planned to leave the SBU for 2024 set at $475 in case members of the National Wage Council failed to reach a consensus, but given the inauguration of President-elect Daniel Nobo Azín, what was announced will not be realized by the administration of President Guillermo Lasso. The decision must be made by November 30, and by that date Noboa Azín will already be in office.