Opinions about increasing the minimum wage have been circulating among the Executive since 2023, since, given the rise in the cost of the basic basket (product of inflation) and the economic recession, many citizens are expecting that it can be increase this amount to access a better quality of life.
Therefore, the Minister of Economy and Finance, Alex Contrerasgave some statements, this January 10, regarding the possibility of this increase that must pass through consensus within the National Labor Council (CNT).
Will there be an increase in the minimum wage in 2024?
At the moment, the increase in the minimum wage is not being considered by the Government. The Minister of Economy and Finance, Alex Contreras, emphasized that to raise the minimum vital remuneration in Peru, currently set at S/1,025, It is necessary for the country to recover from the economic recession it has been in since mid-2023. Additionally, one must evaluate how much purchasing power has been lost. Both aspects are essential to present the proposal to the National Labor Council (CNT).
“One, there has to be consensus; and two, without growth, there can be no adjustments in these variables. Since this year is going to be a year of recovery, what we hope is that when the economy begins to grow again and we have robust news, “it is possible, and I clarify, through consensus, to reach a solution,” explained Minister Contreras at the press conference after announcing new actions to reactivate the mypes.
Regarding the opinion of the Minister of Labor and Employment Promotion, Daniel Maurate, he recognizes that the current minimum wage is not adequate to provide a decent life to workers. For this reason, he suggests that 2024 could be the right time to consider and analyze an increase in the minimum living wage, since he hopes that this year we can regain growth momentum.
When was the last salary increase in Peru?
The last modification in the Minimum Vital Remuneration (RMV) It was held in May 2022 during the Pedro Castillo government. Through decree No. 03-2022-TR, an increase of S/95 was established, so the minimum wage went from S/930 to S/1,025.
Source: Larepublica
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