The discussion about the minimum wage increase For the year 2024 it is a topic of interest for all sectors of the Peruvian economy. The possible modification of the salary is crucial for the quality of life of workers and the balance of the labor market. Recently, the Minister of Economy and Finance (MEF), José Arista, has expressed when this measure would be evaluated and debated.
The increase in the minimum wage is an issue that transcends the economic sphere and has a direct impact on the social sphere. The statements of the head of the MEF generate expectations, since they give an idea of the direction that the Government will take on this issue and how likely it is to come to fruition.
What has the Minister of Economy, José Arista, recently said about the salary increase?
José Arista, current Minister of Economy and Finance, adopts a cautious stance. Although he recognizes signs of economic recovery, he considers it premature to debate the increase in the minimum wage.
“I think this is not the time to talk about that. We have 30% formal economy and 70% informality; indicators of economic reactivation have been noted, but the truth is that I believe that At the end of the second semester we should be evaluating that alternativeonce the economic reactivation of the country has been consolidated,” he told the press.
What was the last thing that the Minister of Labor, Daniel Maurate, declared about the increase in the minimum wage?
Daniel Maurate, Minister of Labor, expressed, in previous statements, that last year’s economic recession prevented any adjustment, but he hopes that the measure will be finalized this year.
“We did not do it last year because the economy entered a recession, and in a recession situation it is not advisable to increase the minimum wage. The outlook is very favorable for this year. Hopefully we will have that announcement by July 28 (National Holidays), but it depends on how the economic recovery goes,” he stated.
Salary increase: what did the former Minister of Economy say about this measure?
Alex Contreras, Arista’s predecessor, linked the increase in Minimum Living Remuneration (RMV) to economic growth. He insisted that any adjustment requires consensus, since “without growth there can be no adjustments in these variables.”
“What we hope is that when the economy begins to grow again, when we have robust news, a solution can be reached through consensus,” he highlighted at a press conference.
What is the current minimum wage?
Currently, the minimum wage in Peru is 1,025 soles. However, workers do not usually receive the full money, since there are various discounts, such as the contribution to pension fund administrators (AFP), which varies depending on the salary received. It is important to consider the terms of the contract and the employment regime to calculate net income.
When was the last increase in the minimum wage?
The last salary adjustment occurred in May 2022, under the mandate of Pedro Castillo. Decree 03-2022-TR established an increase of 95 soles, which raised the RMV from 930 soles to 1,025 soles.
Source: Larepublica
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