Increase in the Minimum Wage to 1,500 soles: Congress proposes an initiative to declare it of national interest

The congressman Gustavo Cordero Jon Tay of Popular Action presented a legislative initiative that proposes declaring the increase in the minimum wage to be of national interest and public necessity 1,500 soles. The proposal, identified as a bill No. 8123/2023-CRhas as purpose improve the income of Peruvian workers to ensure a better quality of life.

The proposal is part of the legislative actions to adjust the current minimum wage and adapt it to the financial needs current. As mentioned in the project by Lamb Jon Taythe increase is necessary so that workers can cover their essential expenses in an adequate and dignified manner.

Minimum wage increase: what does the project say?

The bill No. 8123/2023-CRpresented by Congressman Gustavo Cordero Jon Tay of Popular Actionsuggests that the increase in the minimum wage to S/1,500 be declared of national interest and public need. This adjustment aims to guarantee that Peruvian workers receive fair and sufficient remuneration to cover their basic needs.

According to the document, this measure is essential to satisfy the essential needs of daily life. Although the initiative seeks to improve workers’ conditions, this It will not have a major impact. Being a declarative law, its effects they would not contemplate changessince the only power of State in charge of raising the minimum wage is the Executive power. This is what the bill indicates:

Article 3.- Declaration of national interest and public need
It is declared of national interest and public necessity that the National Council of Labor and Employment Promotionwith the participation of representative organizations of workers and employers, evaluate the increase in the minimum living wage for a concept equal to or greater than S/475for workers subject to the private activity labor regime, with which the minimum vital remuneration would go from S/1,025 to S/1,500. Says the project presented by Jon Tay.

Minimum salary 2024: when was the last increase?

The last adjustment of the minimum salary In Peru it was carried out during the government of Pedro Castillo in 2022when the current amount of S/1,025. This increase was implemented to adapt salaries to the economic conditions of that time. The current proposal to increase the minimum wage to S/1,500 seeks to update salaries in accordance with current economic needs and circumstances.

Confirmed salary increase for public employees: these are the new amounts

For this year, the public budget included a salary increase for public employees. This increase is part of the government’s actions to improve conditions jobs in the public sector. According to the approved regulations, state workers under the CAS regime the main beneficiaries.

In January 2024 The first salary increase of the year was implemented, raising the salary of public sector employees in S/50. This increase is part of a broader agreement that contemplates a total increase of S/100 for the end of the year. The second increase of S/50 will take place in the second half of 2024thus completing the salary adjustment agreed in the Centralized Collective Agreement.