Over the last year, the wage has experienced a deterioration in real terms as the purchasing power in pesos fell by 17.8%. On Thursday, Argentine President Javier Milei set a new mandatory minimum wage with a 9.3 percent increase (US$17) that will be spread out in four staggered increases until next year. RELATED: Increasing Poverty […]

‘The minimum wage does drive economic growth. With enslaved workers, a country’s economy does not grow,’ he stated. On Tuesday, Colombian President Gustavo Petro decreed a 9.54 percent increase in the country’s minimum wage. Starting January 1, the minimum wage will rise from 1,300,000 to to 1,423,500 Colombian pesos, that is, from US$294 to US$322. […]