Chilean minimum wage will be one of the highest in Latin America after the agreement signed between the government and trade unions to raise income to $324. Economists say this increase, although somewhat brutal, shouldn't have major negative consequences on employment. Companies were totally absent from bargaining. (Ref. 080522)
On July 1, minimum wage in Chile will go from $290 up to $324 (€187 to €209). This increase was validated by the Lower House after intense bargaining between the government and workers’ organizations, which were gathered under a single battle-flag, the CUT (Central Workers’ Union). Unions demanded a 12% increase but ran up against an uncompromising government, afraid of the negative impact on employment. Chilean President Michelle Bachelet said that the measure was a “gigantic effort” given the
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