The Limited Times

Now you can see non-English news...

Increase in the minimum wage: the Government confirmed the new amounts and when they are collected

2023-03-28T11:06:48.473Z


The decision was made official in the Official Gazette and means an increase of 26.6% in three tranches. How it impacts on social plans.


In the midst of the growing inflation that plagues the country, the Government confirmed on Tuesday the new amounts corresponding to the minimum, vital and mobile wage, which rises 26.6 percent in a quarter, and defined when they will be charged.

In addition, it reported the increases in the minimum and maximum

unemployment benefits

.

The measure was communicated through Resolution 5/2023, which was published in the latest edition of the

Official Gazette

with the signature of

Raquel "Kelly' Olmos

, the head of the Ministry of Labor.

Specifically, it will rise 15.6 percent from April, 6 percent from May and, finally, 5 percent in June.

On July 15, the members of the Salary Council will sit down to discuss a new increase.

In this way, from

April 1

, 2023, "all monthly workers who complete the full legal work day" will receive a minimum wage of

$80,342

, while daily employees will reach

$401.71 per hour

.

Scheme of the increase in the minimum, vital and mobile wage in March 2023.

"As of

May 1

, 2023, the minimum, vital and mobile wage is set at

$84,512

for all monthly workers who complete a full day of work, and at

$422.56

per hour

for daily workers," the statement specifies. Subsection "b" of Article 1.

The last increase will come on

June 1

: it will be

87.987 pesos

for monthly workers and

439.94 pesos per hour

for daily workers.

In this way, the increase validated by the Casa Rosada is detached from the scheme of an annual increase of 60% or two semi-annual agreements of 30% that the Minister of Economy, Sergio Massa, intended

for

the parities of the private sector.

Instead, it is located closer to the commitment of the unions that began to negotiate their salaries with the quarterly agreement plan with a floor increase of 20%.

Unemployment benefits: new increases 

In Article 2, the resolution reported on the increases that will be applied to the minimum and maximum amounts of the unemployment benefit.

Specifically, the benefits of the

Potenciar Trabajo plan

are equivalent to half the minimum wage.

From April 1, the floor will remain at

$22,475.07

, while the ceiling will reach

$39,125.12

.

The following month, starting May 1, both figures will increase to

$24,440.33

and

$40,733.88

respectively.

The last of the three increases will be applied from June 1: the minimum amount will rise to

24,440.33 pesos

, while the maximum will reach

40,733.88 pesos

.

At the end of last year, some offices of the Casa Rosada launched a plan to try to separate the increase in Potenciar from the evolution of the minimum wage and activated the formation of the so-called Popular Economy Council, so that this body is in charge of setting the amount of that benefit.

Finally, this brand new council will meet for the first time on March 31, although - due to the lack of specific legislation that enables it - it will not be able to advance in the definition of any increase.

IS

look also

Controversy over the 40% loans announced by the Nation to celebrate Democracy and the financial cycle that it could generate

ANSeS funds: Massa requested that the UBA audit the exchange, but the university distanced itself

Source: clarin

All business articles on 2023-03-28

You may like

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.