Governments begin announcing salary changes for next year.
By 2022, several countries in South America have announced an increase in the basic monthly salary in the first signs of economic recovery during the COVID-19 pandemic.
In Ecuador, on Monday night, President Guillermo Lasso announced that in the country there will be an increase of around 6%, that is, of 25 dollars, still one of the highest in the region with 425 dollars.
The Minister of Labor, Patricio Donoso, announced that sector salaries will be defined on December 22.
Because the countries handle their own currency, the equivalence in relation to this currency may vary daily.
President Guillermo Lasso announces that the Unified Basic Salary will rise to $ 425 in 2022
Will there be an increase in the basic salary 2022 in the other countries of South America?
Argentina
Current salary: 31,938 Argentine pesos (313.97 dollars)
Last September, the Salary Council established an increase of 16% in three tranches. The first was in that month that it increased by 9%, that is, it went to 31,104 Argentine pesos; the second increase was 4% to 31,938 Argentine pesos in October and for February 2022 it will be increased by 3%, which will be set at 32,616 Argentine pesos (320.63 dollars).
Bolivia
Current salary: 2,164 bolivianos (313.47 dollars)
Last May, the Government ordered an increase of 2%, placing it at 2,164 Bolivians, a new increase has not yet been announced.
Brazil
Current salary: 1,100 Brazilian reais ($ 193.32)
Each year, Brazil defines the basic salary that will be applied in the current year, this is anticipated in the 2021 Budget project that is sent to Congress. The salary is defined according to the inflation registered, although it has not yet been made official, the increase for 2022 is expected to be 1,210.44 Brazilian reais ($ 212.73).
Chile
Current salary: 337,000 Chilean pesos (399.64 dollars)
Every year the Congress approves the salary increase after a proposal from the Executive. Generally, it comes into effect in the middle of the year, so in 2021 it began on May 1, it has not yet been announced if there is an increase for 2022 of how much it would be.
Colombia
Current salary: 908,526 Colombian pesos (232.25 dollars)
President Iván Duque announced that by 2022 there will be an increase of about 10% to the minimum wage, placing it at $ 1’000,000 Colombian pesos ($ 255.64).
In addition to salary, Colombians receive a transportation assistance that will be located at 117,172 Colombian pesos ($ 29.95).
Paraguay
Current salary: 2′289,324 guaranies ($ 336.07)
In July of each year, the new minimum wage is established according to the annual Consumer Price Index and its effect on the economy. A new increase has not yet been announced.
Peru
Current salary: 930 soles (229.49 dollars)
The basic salary is increased according to a supreme decree, the last increase was in 2018 by former president Pedro Pablo Kuczynski. The salary was expected to increase in the first quarter of 2020, but due to the COVID-19 pandemic, the decision could not be made. It is expected that by 2022 if there is an increase, according to statements by the Minister of Economy and Finance, Pedro Francke.
Uruguay
Current salary: 17,930 Uruguayan pesos (405.31 dollars)
As of January 1, the national minimum wage will rise to 22,245 Uruguayan pesos ($ 502.85).
Venezuela
Current salary: 7′000,000 bolivars ($ 1.71)
It is the lowest salary in the region that increases according to the decision of the Executive, a food bonus of three million bolivars is also delivered. Starting in October, Venezuela removed six zeros from its currency to create the sovereign bolivar. (I)
The calculation of the dollar was given with the price of this Tuesday, December 14.
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