The Minister of Labor and Employment Promotion, Daniel Maurateaddressed again the issue of a potential increase in the minimum wage for the year 2024. In this context, it revealed certain key aspects related to the analysis of said initiative, a situation that keeps a large number of Peruvian citizens in expectation of a decision that […]
Tag: minimum wage
CGTP announces mobilization to increase the minimum wage: how much are the unions asking for?
During the last 20 years, the minimum living wage in our country has been increased 11 times by the governments in power. However, the amount of S/1,025 that workers receive has suffered a large devaluation and is not enough to cover the basic family basket, which today is subject to price variability in different items, […]
Low salary in Peru: 65% of Peruvians are dissatisfied with their salary
65% of Peruvians disagree with their salary, according to the Michael Page 2024 Compensation Study. For the research of one of the most important companies in the professional recruitment market, more than 8,000 people were surveyed, including employees and employers, and it was determined that salary is the main factor that defines job satisfaction. The […]
MTPE on raising the minimum wage: “Hopefully by July 28 we can announce it”
The head of the Ministry of Labor and Employment Promotion, Daniel Maurateinsisted that “there is a presidential commitment” to raise the Minimum Living Remuneration (RMV) but its debate and approval is not a priority in the National Labor Council (CNT), a space where the State, employers and workers discern labor policies. The official acknowledged that […]
Will there be an increase in the minimum wage in 2024? What the Minister of Economy said
Opinions about increasing the minimum wage have been circulating among the Executive since 2023, since, given the rise in the cost of the basic basket (product of inflation) and the economic recession, many citizens are expecting that it can be increase this amount to access a better quality of life. Therefore, the Minister of Economy […]
Minister of Economy: The adjustment of the minimum wage will occur when the economy begins to grow
Raising the minimum wage does not yet appear on the Government’s agenda for this year. The head of the Ministry of Economy and Finance (MEF), Alex Contreras, reiterated that to increase the minimum vital remuneration (RMV) In Peru, which today stands at S/1,025, the economic context must be favorable; In addition, it is necessary to […]
ILO: Workers in poverty can increase
In Latin America and the Caribbean, the mass suffering from the “poor worker phenomenon” may continue to increase, as warned by the International Labor Organization (ILO) in the presentation of its ‘Labor Outlook 2023’ report. For Roxana Maurizio, expert in labor markets and coordinator of the report, This has to do with the low average […]
Neither from Peru nor from Argentina: this is the lowest salary in Latin America
The minimum wage in Latin America is always a topic of discussion, since economic needs and changes require a constant update of salaries. Furthermore, workers are always pushing and fighting for new increases; Therefore, among the countries in the region there is a great difference in the established amount. In this note, we detail how […]
MEF on raising the minimum wage: “In the face of recovery this issue could be discussed again”
During his message to the nation of 28 of Julythe president of the Republic, Dina Boluarte, expressed his desire to soon announce an increase in the minimum vital remuneration (RMV), which is currently at S/1,025. However, more than three months after this speech, the perspective on this issue has changed. In the words of the […]
Alfonso Bustamante: “Political instability prevents private investment from growing in Peru”
Alfonso Bustamante, president of one of the most powerful unions in the country, clarifies that the recession is due to long-standing political instability that does not reach the deactivation of the JNJ. He hopes for measures to reactivate agriculture and a profitable anchovy season, but he does not see necessary changes in the cabinet. -The […]