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Economy

Colombia’s minimum wage rises to $328 a month

by Toni Peters December 15, 2011
2.9k

Colombia news - wage talks

The Colombian government, business community and workers agree on a minimum wage increase of 5.8% for 2012, Colombian media reported Thursday.

Colombia’s total minimum wage for 2012, including transport subsidy, will be COP634.500 ($328.08) per month, an amount which includes two previous increases.

The legal minimum wage base rate for next year will increase by COP31,000 ($16.03), so from January 1 it will stand at COP566,664 ($293.00).

A transport subsidy will be added to this amount, a subsidy which was increased by 6.6% or COP4,200 ($2.17) to bring it to COP67,800 ($35.06).

Labor Minister Rafael Pardo expressed his satisfaction at the agreement. He said it was a historic event and which meant the purchasing power of workers would be recovered.

economylaborminimum wageRafael Pardo

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Colombia News | Colombia Reports
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  • Travel
    • General
    • Bogota
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    • Cartagena
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    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
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