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Government will set the minimum wage by decree

Such as Ámbito anticipatedgovernment will increase 30% in two installments Minimum salary, vital and movil, which will reach $202,800, far from the intentions that unionism had. This was confirmed by the Minister of Economy, Luis Caputo.

The decision will become effective “between today and tomorrow,” Caputo anticipated. Days ago, the presidential spokesperson, Manuel Adorni, had said the opposite. “It is a reference value,” he added in an interview he gave to LN +. In it, he also gave details about the dollar market and confirmed a increase for retirees in March.

The path of the decree was defined after Wage Council meeting failed, which took place last Thursday via Zoom, between the CGT, the CTA, businessmen and the Government. The unions expected an increase of 85%, well above what the Executive will now determine.

As Ámbito reported today, the Government will issue a ruling where it will enable an increase in two installments, the first to be charged by 18%/19%, with which the minimum asset will exceed $180,000, and the second by 12%/11% with what it would reach about $202,800 starting from the third month of the year.

The 30% increase limit is due to the fact that in the midst of a program of strong fiscal restriction, the Government He does not want the calculation of minimum pensions, the Potenciar Trabajo plan, the AUH and the progress scholarships, tied to the amount of the SMVM, to be triggered.

The thing is that, for example, the new base is used to calculate the Empower Work plan that pays an amount equivalent to half of a minimum wage, that is, it would go from the current 78,000 to 101,000 pesos.

This modification of the SMVM also impacts the Progresar Scholarships and the AUH in the midst of the strong fiscal adjustment program promoted by Caputo from the Ministry of Economy.

The minimum, vital and mobile wage was last increased in December of last year. But December inflation was above 25% and January inflation was above 20%. Currently the SMVM reaches $156,000 and with the staggered increase of 30% it will be far from the 288,000 pesos that the unions sought based on their claim of an 85% increase.

The concrete thing is that the Government’s ruling will arrive this week and while Sandra Pettovello and the Secretary of Labor, Omar Yasin, define who will sign the minutes with the 30% increase, the union centers are preparing new forceful measures.

The co-secretary general of the CGT, Hector Daercriticized the businessmen and the Government for the failure in the negotiations and considered the fact as “a historic break” in that area. In this regard, the leader of the health union also did not rule out the possibility of “concreting the forceful measures that are necessary and when we have to do them.”

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