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MINIMUM WAGE INCREASE 2023 COLOMBIA
On Thursday, December 15, 2022, President Gustavo Petro announced the new rules that will apply as from 2023, regarding the minimum wage in the country and the transportation allowance.
Said norm established the increase of the minimum salary by 16% with respect to the previous year, i.e. $ 1,160,000.
On the other hand, the transportation allowance would increase to Ps. 140,606, 20% more compared to the year 2022.
In order to reach such agreement, the total factor productivity indexes were considered, being 1.24%. As well as the GDP with 9.4% and inflation in the most vulnerable populations with 14.34%.
In conclusion, the total payment that every worker will receive at the beginning of next year will be $ 1,300,606.
Sources: Actualícese / El Espectador
https://actualicese.com/boletin/20221216.html#:~:text=As%C3%AD%2C%20seg%C3%BAn%20las%20declaraciones%20del,0000.
https://www.elespectador.com/economia/el-salario-minimo-en-2023-sera-de-1160000/
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