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In 2021, the amount of retirement and pension of the insured of the INSS (National Institute of Social Security) will be readjusted by 4.1%.
According to the SPE (Secretary of Economic Policy) of the Ministry of Economy, the minimum wage, which is currently R $ 1,045, is expected to increase to R $ 1,087.84 in 2021. However, the amount of the benefit will not increase, It will only be equaled the inflation forecast for next year.
Dieese (Intersindical Department of Statistics and Socioeconomic Studies) reported that the revision of the minimum wage is calculated according to the inflation estimate, which in August pointed to 2.35%, but this week it was readjusted to 4.1%. .
The exact minimum wage index will end in December and will only be available in January of next year. However, the floor will be readjusted by the INPC from the previous year.
The variation in GDP from two years earlier will no longer apply. So far, the government has not defined the new minimum wage policy.
No actual increase
In 2019, the government ended the policy of real adjustment of the minimum wage. Thus, now the value of the salary is limited to following the determination of the Constitution, which speaks of preserving the purchasing power of the worker.
The real gain of the minimum wage was implemented by Fernando Henrique Cardoso (PSDB) informally in 1994, shortly after the adoption of the Real Plan. The PT administrations made the measure official.
Without a real gain in the minimum wage, the government achieves financial relief, as the increase in the minimum wage automatically adjusts assistance and social security benefits. For each increase of R $ 1 in the minimum amount, the government increases expenses by approximately R $ 355 million per year.
Unchanged purchasing power
The readjustment of the minimum wage varies according to the increase in prices, recorded in function of inflation rates. That is, the workers will receive the purchasing power that will be adjusted according to the inflation index (general increase in the price level).
Dieese’s calculations show that more than 49 million Brazilians live on a minimum wage. Currently, the monthly remuneration must be more than R $ 4 thousand reais per month and not R $ 1,045.00.
To calculate the minimum wage, the government considers the growth of the Gross Domestic Product (GDP) and the inflation of the previous year.
