Minimum wage 2020: The minimum wage was set at $980,657.

After failing to reach an agreement between employers and workers in the negotiations, President Iván Duque announced the adjustment of the minimum wage for next year.

The Government defined a 6% increase in the minimum wage in Colombia, which means an increase of $49,686. The increase will also be of the same percentage for the transportation allowance, i.e., it will be $102,853.

Thus, the minimum wage and transportation allowance for workers for next year will be $980,657, two points above inflation.

Duque announced that an agreement was reached to urgently process in Congress a bill that will provide an additional premium to reach an income above one million pesos.

“That effort we are going to make because we want families in Colombia to have an increasingly decent income,” said the president.

Source: Actualícese