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Colombia: Petro decrees a 16% increase in the minimum wage

By Sabrina Martin

The Colombian Government announced a 16% increase in the minimum wage, which will take effect on January 1, 2023.

The Minister of Labor, Gloria Inés Ramírez, announced this Thursday, December 22, that the decree that will establish the minimum wage at COL$1,160,000 (US$244.03) has already been signed; while the transport aid will rise 20%, reaching COL$140,000 (US$29.45).

The measure taken . . .

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