The minimum wage for 2016 in Colombia was fixed by decree

Felipe Gómez Córdoba

Colombians started the year doing accounts. Decree 2552 of December 30 set the minimum wage for 2016. Thus, the ministers of Finance and Labour, Mauricio Cardenas and Luis Eduardo Garzon, respectively signed the decree an increase of 7%, ie $ 45,104 for a total of $ 689,454 for the legal minimum wage.

In contrast to 2015, the wage increase was 4.6% and the cost of living was about 7.0%. Employment in the direction of the Ministry, «1 million 700 thousand Colombians receive a minimum wage and 1 million 900 thousand earn less than this amount.»

On the other hand, the Price Information System Supply the Agricultural Sector (Sipsa) said that in the last days of December the Central Wholesale Antioquia (CMA) and Plaza Retail reported a decline in food gathering 17.05%. This meant a significant increase in the prices of vegetables, fruits and tubers in the country.

With this background, the actual bid materialized figure for three sessions in labor consultation desk where employers and workers uncovered his cards and made known their proposals formally.

Thus, the labor ministry said before issuing the decree that no agreement or agreement between employers and unions, constitutionally mandated minimum wage should rise above the inflation caused.

Considering that the Central Bank had warned that the Consumer Price Index (CPI) for 2015 would be closing at 6.7%, the wage increase should be above that figure.

Finally transport allowance also increased by 5% is $ 77,700.

On this occasion, for the second consecutive year, the minimum wage was set by decree.

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Publicado el

13 enero, 2016