RIO DE JANEIRO, BRAZIL - Latin America has felt the consequences of the Covid-19 pandemic in several economic sectors. Unemployment, escalating inflation and currency devaluation were among the damages caused by the crisis. Consequently, the population has seen the purchasing power of the minimum wage plummet in the past few years.
In Brazil, the government's initial proposal sent to Congress was for a minimum wage of R$1,169 (US$214.3) for 2022. However, adjustments were required due to higher than expected inflation. Ultimately, the amount was set at R$1,212. Based on the average week recognized . . .
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