BOGOTA(Reuters) – Colombia’s minimum wage will boost by 12% in 2024, Labor Minister Gloria Ines Ramirez stated on Friday, taking the figure to 1.3 million pesos ($340) per month.
The boost in the minimum wage represents a walking of 140,000 pesos ($36.63) per month.
The wage boost comes as the nation fights constantly high inflation and an ailing economy. Twelve-month inflation to the end of November hit 10.15%.
The boost for 2024 is less than the increase in the minimum wage in 2023, when the federalgovernment reached an contract to increase it by 16%.
The boost for 2024 was not concurred with service leaders, despi