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Boric passes a law providing for the biggest increase in the minimum wage in Chile in nearly 30 years.

Date: August 20, 2022 Time: 04:47:29

President of Chile Gabriel BoricThis Monday passed a law that provides for the largest increase in the minimum wage in the last 29 years and assistance is targeted at small and medium-sized enterprises (SMEs).

“It is very nice to be able to show that as a government and together with public organizations we can move towards common goals,” Boric said at the law adoption ceremony, according to the Chilean radio station Radio Biobio.

Thus, the president recognized that although there are disagreements between the executive branch and various social agents, once they agree, they manage to get “the best” of themselves. “We strive to ensure that no one is left behind, so that small and medium-sized enterprises are not left without attention”said.

The minimum wage is expected to rise to 410,000 Chilean pesos ahead of January next year.

A) Yes, salaries will be adjusted from May to 380,000 Chilean pesos per month — about 427 euros — and in August they will be adjusted to 400,000 pesos — 450 euros —. In the run-up to January, and if inflation exceeds 7% in twelve months, the minimum wage will be raised to 410,000 Chilean pesos – just over 461 euros.

“In this government, the doors for dialogue and conversation will always be open because we want to be a workers’ government,” Boric said in a post on his Twitter page.

The unveiling of a minimum wage increase following a historic agreement between all the key players who run our economy reflects that with the will of all sectors, we can move forward with workers.

— Font Gabriel Boric (@gabrielboric) May 23, 2022

Finally, the President of Chile expressed his satisfaction with the opportunity to promote this measure, although he really appreciated the possibility of its implementation thanks to the “base built” by the rest of the presidents of the Chilean democracy. , from Patrick Aylvin until Sebastian Pinera.


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