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Minimum wage in Latin American countries: the 2021 guide

2021-12-02T16:37:26.423Z


Due to its social, economic and political importance, we present the minimum wage of the Latin American countries.


Can they reach US $ 6 a day to live in Mexico?

2:21

(CNN Spanish) -

The minimum wage can be understood as the minimum amount that a worker must be paid on a mandatory basis for the work activities they have performed in a specified time, according to the International Labor Organization (ILO).

"The purpose of establishing the minimum wage is to protect workers against paying unduly low wages," explains the ILO.

  • Why might raising the minimum wage cause employees to be replaced by machines?

In addition, the minimum wage can be an element within social policies that aim to reduce poverty and inequality.

And it cannot be lowered "neither by virtue of a collective agreement nor of an individual agreement", adds the organism.

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Due to its importance in the social, economic and political spheres, here is a guide that includes the minimum wages that are established by law for 2021 in Latin America.

🇲🇽 Mexico

In the country, the minimum wage is divided into two geographical areas:

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  • North Border Free Zone (43 municipalities in six states: Baja California, Sonora, Chihuahua, Coahuila, Nuevo León and Tamaulipas): US $ 10.02 per day

  • Rest of the country: US $ 6.65 per day

However, the minimum wage in the country will increase by 2022, as announced on Wednesday by Andrés Manuel López Obrador, president of Mexico, and the National Minimum Wage Commission (Conasami).

The minimum wage in Mexico will increase 22% in both areas as of January 1, 2022. Therefore, it will be as follows:

  • North Border Free Zone: US $ 12.23 per day

  • Rest of the country: US $ 8.12 per day

🇬🇹 Guatemala

Here, the minimum wage is divided by economic activities and ranges from US $ 10.96 to US $ 12 per day:

  • Non-agricultural: US $ 12 per day

  • Agricultural: US $ 11.64 per day

  • Exporter and maquiladora: US $ 10.96 per day

🇧🇿 Belize

John Briceño, Prime Minister of Belize, noted in his budget speech for fiscal year 2021/2022 that the minimum wage is $ 5 per hour.

What kind of dollars is not specified;

however, in Belize the currency is the Belizean dollar.

🇸🇻 El Salvador

On August 1, El Salvador's new minimum wage rates came into effect.

In this country, it is divided into six sectors, where the lowest minimum wage is US $ 8 and the highest, US $ 12 a day.

The following amounts are also daily minimum wages:

  • Sugarcane harvest: US $ 8.96

  • Coffee pickup: US $ 8

  • Agricultural sector, fishing and other agricultural activities: US $ 8

  • Trade, services, industry, sugar mills and other agribusiness activities: US $ 12

  • Textile and clothing machine: US $ 11.81

  • Coffee benefit: US $ 8.96

🇭🇳 Honduras

The new minimum wage rates in Honduras came into effect on July 1.

Here, the amounts are divided into 11 branches of economic activity and increase according to the number of workers per company.

The range is between US $ 9.78 and US $ 18.57 per day.

The following figures are also minimum wages per day:

Agriculture, forestry, hunting and fishing

  • From 1 to 10 workers: US $ 9.78

  • From 11 to 50: US $ 10.32

  • From 51 to 150: US $ 11.09

  • 151 and up: US $ 11.88

Mining and quarrying

  • From 1 to 10 workers: US $ 13.37

  • From 11 to 50: US $ 13.77

  • From 51 to 150: US $ 15.93

  • 151 and up: US $ 17.83

Manufacturing industry

  • From 1 to 10 workers: US $ 13.12

  • From 11 to 50: US $ 13.96

  • From 51 to 150: US $ 16.15

  • 151 and up: US $ 18.08

Electricity, gas and water

  • From 1 to 10 workers: US $ 13.80

  • From 11 to 50: US $ 14.22

  • From 51 to 150: US $ 16.44

  • 151 and over: US $ 18.41

Construction

  • From 1 to 10 workers: US $ 13.55

  • From 11 to 50: US $ 13.96

  • From 51 to 150: US $ 16.15

  • 151 and up: US $ 18.08

Wholesale and retail trade

  • From 1 to 10 workers: US $ 13.55

  • From 11 to 50: US $ 13.96

  • From 51 to 150: US $ 16.15

  • 151 and up: US $ 18.08

Restaurants and hotels

  • From 1 to 10 workers: US $ 13.55

  • From 11 to 50: US $ 13.96

  • From 51 to 150: US $ 16

  • 151 and up: US $ 17.41

Transportation storage and communications

  • From 1 to 10 workers: US $ 13.68

  • From 11 to 50: US $ 14.09

  • From 51 to 150: US $ 16.30

  • 151 and up: US $ 18.24

Financial establishments, real estate and services provided to companies

  • From 1 to 10 workers: US $ 13.92

  • From 11 to 50: US $ 14.34

  • From 51 to 150: US $ 16.59

  • 151 and up: US $ 18.57

Community, social and personal services, security and cleaning

  • From 1 to 10 workers: US $ 13.31

  • From 11 to 50: US $ 13.71

  • From 51 to 150: US $ 15.86

  • 151 and up: US $ 17.75

Hospital activities

  • From 1 to 10 workers: US $ 13.31

  • From 11 to 50: US $ 13.71

  • From 51 to 150: US $ 15.67

  • 151 and over: US $ 17.21

🇳🇮 Nicaragua

The new minimum wage rates have been in effect in Nicaragua since last March 1.

They are divided into 10 sectors and the range goes from US $ 4.41 to US $ 9.37 per day.

The following amounts are minimum wages per day:

  • Agricultural: US $ 4.1

  • Fishing: US $ 6.37

  • Mines and quarries: US $ 7.52

  • Manufacturing industry: US $ 5.63

  • Industries subject to taxation: US $ 6.57

  • Micro and small national artisan and tourist industry: US $ 4.41

  • Electricity and water;

    commerce, restaurants and hotels;

    transportation, storage and communications: US $ 7.68

  • Construction, financial establishments and insurance: US $ 9.37

  • Com services.

    social and personal: US $ 5.87

  • Central and municipal government: US $ 5.22

🇨🇷 Costa Rica

Costa Rica's minimum wages for 2021 are divided by type of worker.

The government shows some salaries per ordinary day (ranging from US $ 17.06 to US $ 34.58) and others per month (ranging from US $ 511.86 to US $ 1,093.34).

Here are all types of workers:

  • Worker in unskilled occupation: US $ 17.06 per ordinary day

  • Worker in semi-skilled occupation: US $ 18.55 per ordinary day

  • Worker in skilled occupation: US $ 18.97 per ordinary day

  • Worker in specialized occupation: US $ 22.28 per ordinary day

  • Higher specialization worker: US $ 34.58 per ordinary day

  • Worker in unskilled occupation (generic): US $ 511.86 per month

  • Worker in semi-skilled occupation (generic): US $ 550.01 per month

  • Skilled Occupation Worker (generic): US $ 575.88 per month

  • Middle technician in diversified education: US $ 603.48 per month

  • Worker in specialized occupation (generic): US $ 650.31 per month

  • Higher education technician: US $ 743.73 per month

  • Higher Education Diploma: US $ 803.26 per month

  • University Bachelor: US $ 911.08 per month

  • University degree: US $ 1,093.34 per month

🇵🇦 Panama

The monthly minimum wage in Panama is, on average, US $ 625 and is negotiated every two years.

This came into effect from January 2020;

In January 2022, a new one must enter, according to the law.

🇦🇷 Argentina

As of Wednesday, September 1, the minimum wage in Argentina is US $ 298.03 per month.

🇨🇱 Chile

The minimum wage in Chile is divided into three and is monthly:

  • Workers over 18 years old and up to 65 years old: US $ 438.36

  • Workers under 18 and over 65: US $ 327.01

  • Minimum monthly income for non-remuneration purposes: US $ 282.56

🇧🇷 Brazil

In the case of Brazil, the minimum wage for 2021, effective since January, is US $ 213.17 per month.

🇺🇾 Uruguay

As of January 1, 2021, the national minimum wage in Uruguay is US $ 421.98 per month.

🇧🇴 Bolivia

According to Supreme Decree 4501 of January 1, 2021, the national minimum wage in Bolivia is US $ 313.96 per month, for both public and private sector workers.

🇵🇪 Peru

The minimum wage in Peru, known as minimum vital remuneration (RMV), is US $ 227.54 per month (as long as they work eight hours a day or 48 hours a week).

🇵🇾 Paraguay

Since the adjustment that took effect on July 1 of this year, the minimum wage in Paraguay is US $ 330.81 per month.

🇪🇨 Ecuador

The minimum wage that Ecuador established for 2021 is US $ 400 per month.

It is known as a unified basic salary (SBU).

🇨🇴 Colombia

The Colombian government established the minimum wage for 2021 at US $ 242.02 per month and US $ 28.36 in transportation assistance.

🇻🇪 Venezuela

According to Freddy Ñáñez, Venezuela's sector vice president of communication, culture and tourism, the minimum wage in the country was set at 7,000,000 bolivars, which at today's exchange rate is US $ 1.74 per month.

🇵🇷 Puerto Rico

According to the Puerto Rico Department of Labor and Human Resources, the minimum wage in the country is US $ 7.25 per hour.

🇨🇺 Cuba

Granma, Cuba's official media outlet, reported that the minimum wage for the island in 2021 is US $ 87.48 per month.

🇩🇴 Dominican Republic

In July, the minimum wage in the Dominican Republic was established at US $ 351.91 per month for large companies;

at US $ 325.51 for medium-sized companies;

at US $ 218.18 for small companies;

and US $ 202.35 for micro-businesses.

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Source: cnnespanol

All news articles on 2021-12-02

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