It’s been over a year since the last one was given minimum wage increase in Peru. Then, former President Pedro Castillo, in May 2022, defined the new figure as S/1,025. Currently, between statements by different actors, such as the Government of Dina Boluarte, employers’ and workers’ unions, the discussion on this topic is expected, since […]
Tag: rmv
Labor Minister: “The possibility of an increase (in the minimum wage) is not denied”
The head of the Ministry of Labor and Employment Promotion (MTPE), Fernando Varela Bohórquez, affirmed that the increase in the minimum vital remuneration (RMV) It remains a possibility, but it should be the result of a technical debate. For this reason, he announced that next week in the Council of Ministers he will present his […]
Salary increase in Peru: how much is the minimum wage and what is known about its increase?
Peruvian workers are waiting for the latest news about the minimum wage increaseto which he referred Dina Boluarte in his presidential address on July 28. Since then, other government officials and unions have spoken about it. For this reason, in this note, we tell you about the status of this proposal and the current value […]
Minimum wage: employers insist that the increase be discussed “technically”
After the president Dina Boluarte stated in his speech for National Holidays that he hopes that an increase in the minimum wage can be announced “soon”, some officials from his government They have indicated that there is no exact date for his execution. Added to this are the recent statements by the president of the […]
Minimum salary: this is proposed by the Ministry of Labor to regulate future increases
Last July 13, the Ministry of Labor and Employment Promotion (MTPE) announced the reactivation of the National Labor Council (CNT), a space for tripartite dialogue between employers, workers and the Government, in which the problems of the country’s employment situation will be discussed and analyzed, as well as the increase in the minimum vital remuneration […]
MTPE rules out a new increase in the minimum vital remuneration: “It is not on the agenda”
The Minister of Labor and Employment Promotion, Fernando Varela Bohorquezruled out that a possible increase in the minimum vital remuneration (RMV) is on the government’s agenda. In dialogue with RPP Noticias, the head of the MTPE said that a possible increase in the minimum wage in Peru must be carried out through a process of […]
Julio Velarde on increasing the minimum wage: “It will have an impact on job creation”
It is not yet the right time to raise the Minimum Vital Remuneration (RMV), according to the banker. Price of the dollar today in Peru: what is the exchange rate for this Wednesday, May 10? Can I withdraw the CTS they deposit in May 2023? The president of the Central Reserve Bank of Peru (BCRP), […]
Increase in the Minimum Vital Remuneration does not destroy employment, affirms the Nobel Prize in Economics
The institutionalization of the adjustment of the Minimum Vital Remuneration (RMV) in Peru is just around the corner, but the business sector is reluctant to endorse this increase, alleging that the universe of beneficiaries is limited to the bare formal population and will feed unemployment. David Card, one of the three winners of the Nobel […]
Nobel Prize in Economics: “The increase in the minimum wage does not create or destroy value, it only redistributes it”
In 2021, economist David Card was one of three recipients of the Nobel Prize in Economicswhere he was recognized for his empirical contributions to labor economics, in which he argues that the minimum wage does not destroy employment. Precisely, a few weeks ago, the Spanish Government raised the minimum wage by 8% to 1,080 euros. […]
More than 1.6 million people from Lima earn less than the basic salary
Precariousness. Women work in worse conditions than men. Unemployment level grew 30% in the capital. According to him INEIin January of this year there are 5 million 93,700 citizens with a job, 1.1% more than what was seen between November, December (2019) and January 2020, a couple of months before the outbreak of the pandemic. […]