Minimum wage 2025: this is how it could look with the double-digit increase

The year is about to end and the increase in the minimum wage remains undefined just two and a half weeks before 2025. The conversations between the representatives of the workers and businessmen, so far, they have not borne fruit, because they have not reached any agreement.

This is due, in large part, to the fact that workers expect and insist that the increase be double digits, as happened in 2023, however, employers maintain that this cannot exceed the growth of the economy of the country, which is projected to not exceed 1.8%.

(Read also: Older adults and women, the two pending fronts in terms of poverty)

How much would the increase be?

In this case, if an agreement is reached on a increase of at least 12%, For example, this means that the increase in the minimum wage would remain in $156,000.

That is, to the current legal minimum wage (SMLV) $1,300,000, said amount would be added and the SML would be of $1,456,000.

However, in the midst of the ‘tug of war’ at the negotiating table, it is very likely that this will not happen and, on the contrary, the increase will be less than $150,000, because the increase could be only 5%, that is, $65,000.

(See more: Minimum wage 2025: Petro’s position is that the increase is ‘significant’)

It is worth mentioning that, to set the amount of the increase, factors such as:

– Inflation

– Economic growth

About this, Fabio Arias, president of the CUT (Unitary Central of Workers); he former Minister of Labor, Ángel Custodio Cabrera, and other experts knowledgeable on the subject, have stated that it is very likely that An agreement is not reached and the increase is set by decree.

VALENTINA DELGADILLO ABELLO
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