Chile’s Boric announces US$3.7 billion in social aid and an increase in the minimum wage

The minimum wage, which must be approved by parliament, is set to rise from 350,000 pesos (about US$430) to 400,000 pesos (about US$500) by the end of 2022, an announcement that is in line with his campaign promise to raise it to 500,000 pesos (about US$620) by the end of his term.

RIO DE JANEIRO, BRAZIL - Chile's President Gabriel Boric on Thursday announced US$3.7 billion in social aid and a project to raise the minimum wage to 400,000 pesos (US$500) to address the post-pandemic crisis and rising inflation.

"You have before you a government that is determined to do everything possible to respond to your urgent needs and desires (...) We will present a bill to increase the minimum wage significantly," he said at a press conference.

The minimum wage, which must be approved by parliament, is set to rise from 350,000 pesos (about US$430 . . .

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