From 8% to 38.5%: the race over Colombia's 2027 minimum wage hike speeds up

FinanceColombiaELHERALDO.CONov 2, 2026, 10:00 PMAI summary

Even before the tripartite table is installed, business groups and workers have already put forward their proposals for the 2027 minimum wage increase. The CUT proposed a 38.5% raise, which would take the base wage from COP 1,750,905 to about COP 2,425,003 excluding transport allowance. On the business side, Bancolombia president Juan Carlos Mora proposed 8% to 9%; Fenalco pointed to around 9%; Andesco to a range of 8% to 9.5% and Fedetranscarga to 9.5%.

In 35 seconds

The CUT proposes a 38.5% increase, about COP 674,098 a month, to narrow the gap with the living minimum wage
Bancolombia proposes an increase of between 8% and 9% tied to inflation plus productivity
Fenalco favors around 9%, Andesco a range of 8% to 9.5% and Fedetranscarga 9.5%

Read the full story at ELHERALDO.CO

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

salario mínimo
CUT
Bancolombia
Fenalco
empleo

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From 8% to 38.5%: the race over Colombia's 2027 minimum wage hike speeds up

In 35 seconds

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Keep reading

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