It will be a year since the president, Dina Boluarte announced his intention to increase the minimum wage in Peru during his speech for Fiestas Patrias. However, the National Labor Council (CNTPE) has not managed to make progress in defining an agreement to officially establish its calculation and approve a final proposal.
Leaders of both the Ministry of Economy and the Ministry of Labor have expressed a favorable opinion on a possible increase in the amount, agreeing on the need for this increase to be carried out in a responsible manner. Will this point be touched upon again in the address to the Nation on July 28?
Salary increase: what did the Minister of Labor, Daniel Maurate, mention?
Initially the minister Daniel Maurateafter being asked about this increase by the media, mentioned that there is a possibility of an increase in the minimum wage in the country during the second half of 2024. This measure would be subject to sustained economic growth and the development of private investment.
Also, in a recent press conference, the head of the Ministry of Labor and Employment Promotion (MTPE), Maurate Romero, reaffirmed that the positive performance of the Gross Domestic Product (GDP) is driving the debate on increasing the Minimum Vital Remuneration (RMV), which is currently set at S/1,025.
“We are seeing that the economy is on the right track. As a result, we will have to convene the National Labor Council (CNT) to begin discussing (the increase in the RMV). If we have not done so, it is basically because we have been in a recession. It was not good because it impacts micro and small businesses. Therefore, we have to make a responsible increase,” he said.
Increase in the minimum living wage in 2024: what did the Minister of Economy mention?
For his part, the leader of the Economy and Finance portfolio, Jose Arista was also asked about this increase in the minimum salaryArista Arbildo said that this is a point that is not being ruled out. He also welcomed the way in which Maurate Arbildo called for a possible increase in the minimum wage to be analyzed in meetings.
“(The increase in the minimum wage) I think is an issue that we have to look at, it is not ruled out definitively. The problems of the economy are multiple and we have to constantly analyze it to see if it is appropriate and if it can be addressed,” said Arista.
Peru’s minimum wage: how much would the economic amount be?
Since 2003 to date, the minimum living wage has experienced an increase of S/615. The last modification of this amount in our country took place in May 2022, during the government of former President Pedro Castillo, when it was raised from S/930 to S/1,025.
Specify that the Congress The initiative to increase the salary to S/1,500 was proposed. However, this amount has been questioned. It is important to note that since 2007, a technical review mechanism has been established to ensure that the percentage increases in the RMV in a given year are in accordance with the sum of inflation and the percentage variation in average work productivity in the previous year.
Source: Larepublica
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