The government assures that it did use technical parameters to decide a salary increase to $ 425

Government maintains that several technical parameters were used to increase the worker’s unified basic salary from $ 400 to $ 425 (the 6.25% increase); Although the campaign promise made by President Lasso to increase it, up to $ 500 at the end of his term, also weighed.

The Labor Minister Patricio Donoso confirmed this morning that among the technical parameters used for the calculation were certain factors recommended by the International Labor Organization (ILO): the projected rate of growth of the country, which would be 3.02% By 2022, the index of the inflation that would reach 1.5% in 2022 and the sustained decrease has been 1.81%. If these percentages were added, it would give a total of 6.33%.

Further, Francisco Briones, presidential adviser, assured that the fact that in two years there had been no significant salary increase, in addition to the issue of the pandemic, many households saw their income reduced due to the reduction in working hours. , and finally, the need for the Government must continue in the line of fulfilling its promises. Briones acknowledged that an increase like these could affect the private sector, but assures that in the future other decisions will be taken, commercial and paperwork, which will relax the private sector in terms of costs.

In any case, the government’s logic is that workers having more money, then they can help improve economic reactivation, since they can consume more goods and services produced by the companies themselves.

To set the salary at $ 425 for next year, legally there is still one step left and that is for the National Salary Council to meet. If in the next session called for the next few days, there is no agreement between workers and employers, which is what is already happening, then the Government will be the one to define it, based on President Lasso’s request, Minister Donoso explained.

When consulted Minister Donoso On whether jobs will be lost, with this strong rise, since for entrepreneurs this would result in an increase in production costs and loss of competitiveness, Minister Donoso said that if the issue of wage increases affected employment, then there would never be any increases. These uploads should be done because it’s fair “The economic reactivation must have a human face,” he reiterated.

Meanwhile, on the political issue, the Secretary of Communication, Eduardo Bonilla, indicated that the salary increase is due to a technical issue, but also to the Government’s policy of fulfilling its promises, as it has been doing with vaccination, the issue of risk management, communication law, 1% credit through BanEcuador, environmental issues, among others. But additionally He denied that this could have to do with pressure from social sectors.

Investment law will be sent the first week of January

Francisco Briones, for his part, assured that in the first week of January the Executive would be sending the new urgent law to the Assembly, this time on the subject of investments and the stock market. Basically, he said that they will include the issues that were outside the tax law and that came in the mega-law of Creating Opportunities. He also recalled that a great national debate will take place, which he hopes will receive contributions from all stakeholders to build a robust law on labor issues. This document will be sent to the Assembly later.