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08.07.24 09:05

Economy

Chile's minimum wage increase takes effect

The third and final part of Chile's minimum wage hike is coming into effect, following two increases in May and September 2023

The basic income for workers in the country will be half a million pesos (about US$537 at current exchange rates). This is reported by Cronica Digital, a partner of TV BRICS.

Thanks to a law presented by the executive branch last April and approved by the National Congress a month later, workers will also receive a number of benefits, including a single-family benefit adjustment and the so-called e-pocket.

The former is granted to the unemployed or those working in the informal sector and will henceforth be maintained if they find a minimum wage job, Chile's Finance Minister Mario Marcel said.

Photo: iStock

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President of Indonesia

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Liao Fan

Director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences (CASS)

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Prime Minister of Thailand

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Ferdinand Marcos

President of the Republic of the Philippines

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Prime Minister of Malaysia

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Chile's minimum wage increase takes effect

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