President Juan Manuel Santos emphasised Friday that “a minimum wage that is too high promotes unemployment and encourages informality,” pouring cold water on any hopes Colombians may have had in…
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,…
Colombian President Juan Manuel Santos has said he confident an agreement can be reached between trade unionists, the business community, and the government on the increase on the legal minimum…
The increase in Colombia’s legal minimum wage for 2012 should be moderate so that job creation is not affected, said the country’s finance minister. Finance Minister Juan Carlos Echeverry said,…
Colombian Vice President Angelino Garzon has asked President Juan Manuel Santos to increase the country’s minimum wage above the rate of inflation, Colombian media reported. “My public position, my recommendation…
A recent U.N. report from the International Labour Organization (ILO) has ranked Colombia as having the sixth-highest minimum wage in South America. The ILO lists minimum wages in international dollars…
Colombia’s government Tuesday reset its annual minimum wage increase, changing it to a 4.0 percent hike rather than 3.4 percent after labor unions complained that higher-than-expected inflation data rendered the…
Colombian President Juan Manuel Santos is considering raising minimum wage for 2011 by four percent, 0.6 percentage points more than announced late December. According to a press release on the…
The Colombian government issued a decree raising the country’s minimum wage by 3.4 percent after employers and unions weren’t able to find a compromise. The 3.4% or increase means the…