After a summit held by several union representatives and businessmen, an increase of 26.6% was agreed on Tuesday for the minimum, vital and mobile wage, which will be paid in three installments. Starting in April, the minimum, vital and mobile salary will be $80,342, in May it will increase to $84,512 and in June to $87,987, based on increases of 15.6%, 6% and 5%, respectively. The decision was made today at the meeting of the Minimum, Vital and Mobile Wage Council, headed by the Minister of Labour, Raquel Olmos, and carried out virtually with the participation of union leaders and executives from business chambers.
This was agreed in the Council Plenary with 30 positive votes, one abstention (CTA Trabajadores led by Hugo Yasky) and one negative vote (Autonomous CTA headed by Hugo Godoy,), according to the labor portfolio. After agreeing on the increase for the second quarter of the year, the Council set a new call for next July 15.
“At this meeting that inaugurates the annual period from April 2023 to March 2024 of the National Council for Employment, Productivity and the Minimum, Vital and Mobile Wage, based on the non-cumulative values of March 2023, the agreed percentage increases are : April 2023 15.6%, May 2023, 6% and June 2023, 5%,” the Ministry of Labor said in a statement.
Minimum, vital and mobile wage: How will the increases be applied?
- April: 15.6% increase. The minimum wage rises from $69,500 to $80,342.
- May: 6% increase. The minimum wage rises to $84,512.
- June: 5% increase. The minimum wage reaches $87,987.