After the salary increase in 2024 defined by the Ministry of Labor to $10, the basic salary, which is $450, will increase to $460 from next January, and in addition to the adjustment of workers’ salaries in general, the minimums that apply to specific tasks.

For example, drivers, farmers, journalists, singers have their basic salaries and these salaries also increase from year to year depending on the general increase.

The basic salary in 2024 in Ecuador will be 460 dollars

The ministerial agreement issued last December 15 to define the increase of $10 indicates that the percentage increase of the uniform basic wage of workers in general for 2024 compared to 2023 is 2.223% and that it “shall be applicable to determine “the sectoral minimum wage, which are found in the tables of the respective sectoral commissions.”

There are 22 sectoral commissions with a range of activities and positions that determine the minimum wage. The Ministry of Labor issues a second ministerial approval to determine these amounts, but they are calculated on the basis of what has already been decided in the general increase. Last year when the base salary was increased by $25, that increase was 5.882% (from $425 to $450) and that percentage was applied to the pie charts. Then the decision on the general increase was made on November 30, 2022, and the agreement with the sectoral minimum wages came out three weeks later. This time, the Ministry defined the increase in the basic salary on December 15, and it is not yet known when the approval for the sectoral tables will be issued.

Since when does the new basic wage apply in Ecuador and for which workers does it apply?

These tables correspond to 22 production activities in which basic workers have a salary similar to the basic salary, and other jobs have a higher salary: