Speaking to the press, the Minister of Labor, Daniel Maurateput the issue of the minimum wage back on the table. After being consulted, Maurate was optimistic about the increase of this important indicator thanks to the recovery of growth rates; however, he pointed out that other aspects must be considered for it to become a reality. In addition, he gave dates on the start of a possible debate to define how much the amount will be.
His statements come after the Congressthrough two bills, seeks to raise the Minimum Living Wage (MLV) to S/1,500. Despite being declarative proposals and not having immediate effect, they put the re-evaluation of this indicator back on the political agenda. The increase has not occurred since 2022, the year in which it was established in S/1.025.
Increase in the minimum wage: what did the Minister of Labor, Daniel Maurate, say?
Daniel Maurate He said that any decision on raising the minimum wage must be the result of a thorough analysis and not a political agenda. The Minister of Labour explained that a wage increase must be based on technical criteria that assess the economic impact in its entirety. He stressed that, although it is essential to improve the wage conditions of workers, it is also crucial to ensure that companies can sustain such increases without putting their economic viability at risk.
“The idea is that it should be a consensus between employers and workers and that it should not be a political decision, much less a populist decision. There should not be an increase in the minimum wage from a political point of view, but rather a technical one.”
What did Julio Velarde say about an eventual increase in the minimum wage?
Julio Velardand, president of the Central Reserve Bank of Peruhas also spoken out on the issue of the minimum wage. Velarde has indicated that he is not opposed to an increase in the minimum wage as long as clear and well-founded criteria are established. The economist explained that any increase must be supported by data and analysis that ensure its sustainability over time.
“What we have always sought is to have clear criteria for increasing the minimum wage, so that it is not a political decision and every two years, or whatever period is established, it is adjusted. Before elections or for political reasons. So that it is something more predictable. Also, we have to see what happens in the labor market,” said the president of the Central Reserve Bank of Peru.
When was the last time the minimum wage increased in Peru?
The last time the minimum wage in Peru It was in May 2022, when it increased from S/930 to S/1.025This adjustment sought to improve the living conditions of workers and adjust salaries to inflation and the cost of living.
What is the minimum wage and when was its last increase?
The minimum vital remuneration is the legal minimum wage that a worker can receive. This amount is established with the aim of guaranteeing a basic income that allows covering the essential needs of workers and their families. In 2022, the minimum wage in Peru was increased to S/1,025This increase sought to adjust the salary to the economic conditions of that time, considering factors such as inflation and the cost of living.
Source: Larepublica
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