The Brazilian Government announced this Wednesday that the minimum salary As of January 1, the country will have an increase of 6.8%, a rate that exceeds the inflation year-on-year recorded until November, which was 3.8%.
With this increase, the minimum wage in Brazil will reach 1,412 reais (US$294)the same value to which the retirement and pension floors will rise, as reported in an official note.
In addition to replacing inflation, the increase in the minimum wage takes into account the 3% It is estimated that the country’s economy will grow this year, so the new value represents a “real profit” for the workers, the statement stressed.
The new formula to establish the minimum wage, which takes into account inflation and the behavior of the gross domestic product (GDP), was one of the promises made by President Luiz Inácio Lula da Silva in the campaign that led him to win the elections. of 2022.
“The appreciation of the minimum wage is essential” for the country’s economy, Lula said, in statements cited in the statement.
According to the progressive leader, who will celebrate one year in power on January 1, “With more money in circulation, business sales increase, industry produces more, and the wheel of the economy turns again, allowing the creation of new jobs.”
Source: Gestion
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