Colombia's 2027 minimum wage debate: from unions' 7% to CUT's 38.5%
Colombia's Permanent Commission for the Coordination of Salary and Labor Policies is discussing the 2027 minimum wage adjustment, with a gap of about 30 percentage points between proposals. Business groups and economists propose caps of between 7% and 10%, while the CUT proposes adding 32 points to inflation, which with inflation near 6.5% would give 38.5%. Banco de Bogotá calculates 8% and estimates the government could lean toward 8.5%. The commission must seek an agreement by December 15 or the government sets it by decree.
In 45 seconds
- Business groups and economists propose increases of between 7% and 10%; the CUT proposes adding 32 points to inflation, around 38.5%.
- Banco de Bogotá calculates 8% with inflation at 6.8% and productivity at 1.2%, and expects the government could opt for 8.5%.
- The official productivity figure will be known on November 30 and the commission has until December 15 to reach an agreement; otherwise the government sets the adjustment by decree.
Read the full story at El Tiempo
IASummary generated by artificial intelligence from a story by El Tiempo. It may contain errors: the original source prevails.
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