Bancolombia chairman proposes minimum wage increase of between 8% and 9% for 2027

FinanceColombiaEl TiempoOct 23, 2026, 4:05 PM35 s readAI summary

At the 2026 Colombian Construction Congress, Bancolombia chairman Juan Carlos Mora said the minimum wage increase for 2027 should be between 8%, 8.5% and 9%. According to Mora, the adjustment should follow the traditional formula of inflation plus productivity and "add a few points", using the 6.29% annual inflation rate in September as a reference. A percentage that does not exceed 9% "could be very reasonable" for the economy and workers, he said.

In 35 seconds

Mora proposed increases of 8%, 8.5% or 9% for the 2027 minimum wage
He proposed sticking to the inflation-plus-productivity formula and adding a few points
He cited the 6.29% annual inflation rate in September as a reference

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.

salario mínimo
Bancolombia
inflación
Colombia
empleo

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Bancolombia chairman proposes minimum wage increase of between 8% and 9% for 2027

In 35 seconds

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

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