In the midst of high inflation, the data for which will be released this week, and with wages that are not enough, the Government has convened the National Council for Employment, Productivity and the Minimum, Living and Mobile Wage to analyze the new increases for this year .
The appeal, embodied in Resolution 1/2023 published this Monday in the Official Gazette with the signature of the Minister of Labor of the Nation, Raquel “Kelly” Olmos, It was set for March 21 at 16:00 and will be held through a virtual platform.
In March, the minimum, vital and mobile wage it rose to $69,500 in the latest of four tranches of the 20% increase. (7% in December, 6% in January, 4% in February and 3% in March) agreed last November.
The amounts were agreed upon by trade unionists from the three labor centers and chambers of commerce leaders who negotiated on Nov. 22, under the supervision of the Ministry of Labour.
In addition to updating minimum, vital and movable assets, the values of unemployment benefits.
Salary Council: results of the last meeting of 2022
With the meeting held in November last year, the outcome of which continues until March 2023, the minimum wage has accrued a 110.5% year-on-year increase. The improvement also has a direct impact on the amount of state-funded social plans: in the case of the Potenciar Trabajo plan, the amount of benefit received by 1.36 million people – currently $28,950 – will reach $28,950 in March of next year. half the minimum wage).
From the Ministry of Labour, chaired by Kelly Olmos, they explained that if one takes into account that Last March, the minimum wage was $33,000the total annualized increase through March 2023, when the low rises to $69,500, will be 110.5%.
Meanwhile, between March and December the accumulated improvement was 82.5% when the change in the CPI reported by INDEC reached 76.6% between January and last October.
Charles Arterburn is a seasoned business journalist for News Rebeat, where he provides comprehensive coverage of the latest trends and developments in the world of finance and economics.