The adjustment of the minimum wage is a measure that reflects both the economic evolution of the country and social and political pressures. In the current context, Peru faces significant economic challenges, including rising inflation that affects the purchasing power of the citizen.
The minimum wage in Peru, officially known as Minimum Vital Remuneration (RMV), is S/1,025. Compared to other countries in the region, the salary in Peru is intermediate. Countries like Chile and Argentina have higher minimum wages, while others like Bolivia and Ecuador have lower amounts. What is known about salary increases in the country?
What did the Minister of Labor and the Ombudsman say about the increase in the minimum wage?
The Minister of Labor, Daniel Maurate, stated at the beginning of 2024 that the increase in minimum wage It is a presidential promise that was intended to be evaluated in this period, where a more encouraging panorama is seen compared to last year, marked by the confirmation of an economic recession, the residual effects of the El Niño Phenomenon and social protests against the current government. .
The minister also mentioned that various meetings have been held to discuss the issue. Added to these statements were those of the ombudsman, Josué Gutiérrez, who stressed the importance of evaluating the salary increase in a context of inflation and loss of purchasing power, where the salary current is insufficient to cover essential expenses.
Days later, Maurate spoke again on the issue, coinciding with what was expressed by Gutiérrez. The Minister of Labor indicated that the salary increase must be aligned with the objectives of reducing unemployment and labor informality in Peru, and not be based on political or populist motivations. In turn, he emphasized the need to overcome the recession and strengthen the Peruvian economy before announcing an increase in minimum remuneration. Recently, he declared on TV Perú that the increase in the RMV would be evaluated in the second half of 2024.
Minister of Economy does not see the increase in the minimum wage as a priority
Previously, in mid-February 2024, José Arista commented on the discussion of the increase in the minimum salary. “Right now is not the right time to think about an increase in the minimum wage,” he stated.
By March, his opinion held true. However, he announced how long we should wait to resume the discussion. “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 this alternative, once the country’s economic reactivation has been consolidated.” , he declared to the press.
In this way, the increase in minimum salary It is not expected in the near future and will be conditional on two main factors: the recovery and consolidation of the Peruvian economy, and the evaluation of the increase in the RMV, which would occur at the end of 2024.
Source: Larepublica
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