2024 Minimum Wage Increase in Peru: What Amount Did Congress Propose and What Did the MTPE Minister Say About It? | Answers


Peru’s president, Tina Poluarte, announced the increase on November 25, 2023. Salary For nurses and obstetricians and higher education teachers as on December last year. The head of state indicated that around 300 million soles will be invested to achieve the announced salary increase.

“It is with great satisfaction that I announce that there will be a fourth increment for nurses and midwives. The hike will take effect in December and will benefit 140,000 workers., he said during his participation in “Let’s Act Now! Let’s protect women from sexual violence”

Even though the government has taken these measures in respect of government employees, majority of people expect similar measures to be announced along with hike in minimum wages.

What did Congress say about raising the minimum wage?

The Congress of the Republic proposed a law amending Peru’s minimum living wage. As indicated, it will increase For a sum of S/ 1,545If approved, the current Peruvian salary (S/ 1,025) will be increased to S/ 520 soles.

Labor Minister Daniel Mouret reinforced his earlier statements that wage increases could occur in the second half of the year as long as the economy is as indicated by forecasts or even better. Moreover, Maurate denied that the minimum wage would increase to S/ 1,545 as mentioned in the congressional proposal. If it does, it should be done through an agreement between workers and employers.

Finally, the president of the MTPE stated that sudden salary increases could increase labor informality in Peru and that the proposal should be analyzed technically and thoroughly and not respond to political interests.

See also  Stephen Smith's case is now being investigated as a homicide, a source familiar with the investigation said.

Ministry of Economy says about increase in minimum wages

According to Economy and Finance Minister Jose Arista, the increase issue can be discussed based on economic indicators etc. , to improve. “This is not the time to discuss raising the minimum wage. Hopefully the economy will pick up speed this semester, and in the second semester, once it is consolidated, it will be a topic to talk about the increase.“, he reiterated in a conversation with RPP.

Labor minister and ombudsman talk about raising minimum wage

Regarding the announcement of salary increases in Peru for this year 2024, Labor Minister Daniel Mouret indicated at the beginning of 2024 that this measure is a presidential promise to be evaluated this year, in which a more positive outlook is given. More than the former (confirmation of the economic recession the country is going through) and the impact of El Phenomeno del Niño and social protests against the current government. Likewise, the owner added that meetings were held.

New reports were added to these reports, in which the Ombudsman, Josué Gutierrez, announced that it was crucial to assess salary increases in the context of inflation and loss of purchasing power, in which salaries are insufficient to cover basic costs.

A few days later, Marat testified again on the matter, agreeing with Gutierrez’s opinion. Therefore, the head of the Ministry of Labor indicated that the salary increase should respond to the objectives of stopping or reducing unemployment and labor informality in Peru and not based on political or populist motivations. Finally, he stressed the need to announce a wage increase, which is essential to overcome the recession and strengthen the Peruvian economy.

See also  Asia shares fall on hawkish fears of central bank hikes

The government has officially announced the salary hike for health professionals

The government has officially announced a salary hike for health professionals, which will be effective from December. . It said it would not suspend the indefinite strike until the unions accepted and promulgated the above clause.

“In the coming days, after the 2024 Budget Act recently approved by the Republican Congress, another executive order will be issued authorizing the payment of outstanding salary differentials to a panel of health professionals”The Ministry of Health said in an official statement.

How much will the minimum wage increase in Peru?

The basic pay under wages is currently 1,025 feetAlthough President Dina Boluarte announced a change in the salary scale, she did not give more details about the amount, and an effort will be made to reach a consensus among the parties involved for the benefit of the Peruvian people.

What is the current minimum wage in Peru?

According to current statistics (2023), the minimum wage in the Peruvian labor market is 1,025 feet. This basic salary is usually reduced by an amount related to AFP (Pension Fund Administrator’s Contribution), which varies in percentage depending on the salary received. It is also important to take into account the details of your contract and employment to calculate your net income.

When was the last salary increase given?

The last change in the salary scale occurred in May 2022 under the government of Pedro Castillo. Pursuant to the decree of the former President, the Decree N°03-2022-TR This resulted in an increase of 95 feet in RMV (Minimum Living Wage). Hence, the scale of minimum wages has been increased from the basic 930 feet to 1,025 feet.

See also  Jacqueline Salazar: Police arrested businessman's uncle and two others involved in smuggling.


Please enter your comment!
Please enter your name here