Minimum wage 2021 | Government set the hike for workers’ wages | Economy



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After employers and workers did not reach an agreement on the salary adjustment for workers in 2021, the Government defined the increase in the minimum wage in Colombia at 3.5%, which represents an increase of $ 30,723 from $ 877,803 in 2020 to $ 908,526 in 2021.

As announced this Tuesday by President Iván Duque, The new minimum wage for 2021 will exceed one million pesos, including the transportation subsidy, which will be $ 106,454.

In total it will be located in $ 1,014,980 (SMMLV $ 908,526 + transportation assistance $ 106,454).

According to the president, This 3.5% increase in SMMLV and transportation assistance for 2021 is more than double the inflation for the end of 2020 (1.5%). Thus, the real increase will be 2%, discounting the inflation caused.

For the president, it is necessary to maintain the balance between purchasing power and protect and create new jobs.



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