The debate on the increase in the Minimum Living Wage (RMV), an initiative promoted by the Minister of Labor and Employment Promotion, Daniel Maurate, in the National Labor Council (CNT), still does not foresee any response.
The wait for this promise actually starts with the first message to the nation that Dina Boluarte gave when she assumed the position of President of the Republic of Peru. Thus, Almost a year later, with GDP growth of 5% year-on-year in May – thanks mainly to fishing – Maurate once again highlights the issue.
Likewise, according to the Minister of Economy and Finance, José Arista, the Gross Domestic Product (GDP) will end this year above the 3.1% projected by the BCRP, so setting an increase in the RMV does not sound far-fetched but rather consistent and necessary, given that the current remuneration, contemplated at S/1,025, is insufficient to cover the expenses of the basic family basket.
However, the General Confederation of Workers of Peru – CGTP does not harbor any hope, as it notes the lack of will on the part of the business community to set the new amount. Even so, it is never a bad idea to err on the side of optimism.
Patriotic enthusiasm: a positive scenario
If this good news comes in the patriotic month, the CNT has a mechanism approved since 2007 to raise the RMV, thus respecting the criteria of inflation and productivity. It is in this line that the former vice-minister of Employment of the MTPE portfolio, Fernando Cuadros Luque, emphasizes that –If this mechanism is followed, the minimum wage should be S/1,168together with the update provided by the International Labour Organization (ILO).
In this way, based on the analysis developed by EY Peru, the increase in the RMV would impact different areas related to labor rights. Regarding the family allowance, this would increase to the extent that it represents 10% of the RMV. That is, it would go from S/102.5 to S/116.80.
Similarly, the contribution to EsSalud would no longer be S/92.95 but S/105.12 (9% of the RMV). While the ONP contribution would go from S/133.25 to S/151.84 (13% of the RMV); the remuneration for night work, from S/1,383.75 to S/1,576.8 (RMV + 35%); the caps on food benefits, from S/2,050 to S/2,336 (2RMV); and the daily limit on mobility payroll, from S/41 to S/46.72 (4% of the RMV).
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
