Bancolombia chairman proposes minimum wage increase of around 8.5% to 9%

FinanceColombiaRevista SemanaOct 23, 2026, 3:39 PM35 s readAI summary

At the Camacol Congress, Bancolombia (now Grupo Cibest) chairman Juan Carlos Mora proposed that the minimum wage increase return to the previous formula: compensating workers with the sum of inflation, productivity and "perhaps a few small points." With inflation at 6.29% plus 1.5 or 2 points of productivity, he estimated an increase of around 8.5% or 9%. Mora said the minimum wage has a social component because families depend on it.

In 35 seconds

Mora proposes returning to the previous formula: inflation plus productivity and, possibly, a few additional points.
With inflation at 6.29% and 1.5 or 2 points of productivity, he calculated an increase of around 8.5% or 9%.
The banker said the minimum wage has a social component because families depend on that income.

Read the full story at Revista Semana

IASummary generated by artificial intelligence from a story by Revista Semana. It may contain errors: the original source prevails.

salario mínimo
Bancolombia
Grupo Cibest
inflación
Camacol

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Bancolombia chairman proposes minimum wage increase of around 8.5% to 9%

In 35 seconds

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Keep reading

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