You are currently viewing The Government advanced the rise in the Minimum Wage after pressure K: this is how it will be applied

The National government Y Martin Guzman seems to have understood K-message around the Minimum salary, Vital Y Mobile (SMVM). It is that, after pressure from the deputy Maximo Kirchner Y The Camporathe Minister from Economyalong with his pair of Worked, Claudius Moroniconfirmed the advancement to June of the go up of the SMVM. Starting next month, the minimum wage will go to $45,540.

Guzmán announced the advancement of the rise of the SMVM on Tuesday night in a virtual response to the initiative of the Kirchnerist legislators of the front of all, headed by Maximo. The son of Cristina Kirchner He had presented, together with his peers from trade union extraction and social movements, a bill by which it was proposed to advance the increases to July. But the ministers who respond to Alberto Fernandez They jumped on the initiative.

How the increases will be applied

At the last meeting of National Council of the Employmentthe Productivity and the Salary, carried out last March, an increase of 45% of the SMVM had been arranged in four tranches and it reached $47,850 in December. As of the recent announcement, Economy reported that as of June 1, this value will increase to $45,540 for monthly workers and $227.70 per hour for daily workers.

As of August, the SMVM will rise to $47,850 for monthly workers and $239.30 the value of the hour for daily workers. The latter will thus enter into force five months earlier than the resolution of the National Employment Council last March. The portfolio in charge of Moroni took the measure without calling the body to advance the values ​​that had been decided in the third month of 2022.

How are the amounts of the unemployment benefit

According to the Palacio de Hacienda, the minimum amounts Y highs of the benefit for unemployment remain as follows: $12,650 and $21,083 as of June and $13,292 and $22,153, respectively, as of August 2022. As part of the SMVM update, there will also be improvements to program beneficiaries Boost Work, Accompany Y Sure from Unemployment.

Did wage increases beat inflation in March?

Salaries rose 7.4% in March, compared to February and accumulated an increase of 55.8% in the last twelve months. That is, above the measurement of inflation as a result of the impact of the latest joint negotiations. In the first quarter of 2022, the average level of improvement in remuneration stood at 14.9%, below the evolution of the cost of living of the Consumer Price Index (CPI) in that period of 16.1% .

In the last year, the improvement in salaries in the public sector was 63.8% and in the private sector registered 56.4%, both above the year-on-year inflation of the CPI of 55.1% last March. If the salaries of the registered sector, both public and private, are measured, in March they improved by an average of 7.8% and in the last twelve months by 59.1%, according to NA.

The informal sector, in loss

On the other hand, the informal sector of the economy loses in all measurements against inflation since in March they improved by 5.6%, in the first quarter by 10.7% and in the last twelve months by 41.6%, all below the evolution of retail prices. According to the evolution by sector in March, only public sector wages beat inflation as they improved by 12.1%, while the private sector rose by 5.4 and the informal sector by 5.6, both below 6 .7 of the rise in the cost of living.


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