The Limited Times

Now you can see non-English news...

The Government advances the increase of 35% of the minimum wage to September

2021-07-07T03:14:28.551Z


It will come to $ 29,160. There were conversations with the CGT and UIA.


Juan Manuel Barca

07/05/2021 21:35

  • Clarín.com

  • Economy

Updated 07/05/2021 21:35

The Government will

advance the 35% increase

in the minimum wage, vital and mobile (SMVM)

to September

and will pay it in three installments.

In this way, the salary floor of the economy will rise to $ 29,160,

five months ahead of schedule

and after an informal agreement between the Ministry of Labor, the labor unions and the business community.

The measure

will be made official in the next few hours

through an exceptional resolution of the labor portfolio headed by Claudio Moroni, and

the objective is to promote the recovery of wages

, "a necessary condition for the economy to sustain the reactivation underway," according to the regulations to which

Clarín

agreed

.

Specifically, the new scheme provides for the payment of

$ 27,216 in July

(before they were $ 25,920),

$ 28,080 in August

(before there was no payment in that month)

and $ 29,160 in September

(before they were $ 25,920).

Minister Claudio Moroni.

Photo Rolando Andrade Stracuzzi.

These three installments will replace the five that were pending and extended until November of this year and February of next.

The changes

also represent an increase

with respect to the expected payments, so that the advance will imply an additional increase of

5% in July, 8.3% in August and 8% in September

.

In that month, there will also be a renegotiation instance.

"Everything is advanced and

in September they can sit down to review,

" they confirmed from Work.

The Government seeks to accelerate the growth of wages so that they beat inflation, after accumulating a

loss close to 25% in the last three years

.

Until last April, the compensation of employees continued to fall, but a recovery is expected in the second half, so that growth would be zero in 2021.

The advance of the minimum wage is

in line with the decision to reformulate the parity

and abandon the inflation target of 29%.

After the inflationary jump in March, the Executive authorized the

advance of increases

in some sectors (Banking and Porters)

and a new salary guideline

of between 40 and 45% (Truckers, Employees of Congress, PAMI and ANSES).

In recent days, other unions have joined the request to advance quotas or reopen joint quotas ahead of time.

This is the case of the employees of Commerce, oil workers, grain receivers, the state employees of the central administration, and the public employees and teachers of Buenos Aires. 

In this scenario, Moroni began negotiations with the leadership of the CGT and the industrialists of the UIA to agree an exceptional advance due to the apparent difficulty of urgently convening the National Council for Employment, Productivity and the Minimum, Vital and Mobile Salary.

That tripartite body set last April the 35% increase in seven installments.

The Ministry of Labor considered that this restriction "

requires the issuance of a measure

until said body meets again ...

anticipating the deadlines set

so that they accompany the ongoing process that can be seen."

But it does not mention inflation, which in June would reach 25%.

The cegetista position

Prior to knowing the official decision, the CGT announced in a statement that "in

view of the sustained advance of inflation

, steps have been taken

with the Ministry of Labor of the Nation,

and

it has been decided to advance the validity of the increases in

the Minimum Wage, Vital and Mobile ".

On the other hand, the labor portfolio pointed out that the measure "was something that the Government had already adopted and

Claudio spoke with all the parties

."

The efforts included virtual talks with the head of the UIA,

Daniel Funes de Rioja

, who is isolated by Covid.

The SMVM affects a large number of

unregistered or informal

workers

who take this parameter as a reference.

In addition, it impacts labor agreements with lower incomes, such as provincial employees and formal workers "out of the agreement".

It also impacts almost

1 million beneficiaries of social plans

, such as Boost Work, who receive half the minimum wage.

It is a reference for the

Progresar scholarships

because the beneficiary receives this aid if the family earns less than three SMVM and affects retirement assets.

"For all this, the advancement of the Minimum Wage increases

is of utmost importance to maintain the value of purchasing power

and fundamental in the battle against inflation, which hits the income of millions of workers every day," concluded the CGT.


Look also

The paradox of public employment: it does not stop growing and with increasingly lower wages

The paradox of public employment: it does not stop growing and with increasingly lower wages

Source: clarin

All business articles on 2021-07-07

You may like

Business 2024-02-29T07:33:53.729Z

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.