Chile‘s minimum wage is set for ample increases,impacting nearly one million workers,following Congressional approval of a government-backed initiative. The legislation, stemming from an agreement with โขthe Unitary Central of Workers (CUT), establishes a two-stage adjustment designed to bolster the โincome of the country’s lowest earners and support โbusinesses during the transition.
This marks a notableโฃ step toward improving the quality of life for Chilean families, โnotably as the minimum wage has seen considerable growth in recent years. The approved measure builds on previous increases,from $350,000 in 2022 toโฃ $500,000 in 2024 and $510,636 this year,and aims to consolidate โa โฃnew salaryโ floor.
Effective Mayโ 1, 2025, the minimum monthly income will rise to $529,000โ for workers aged 18 to 65. Aโ further increase will take effect on January 1, 2026, bringing the minimum wage to $539,000. These adjustments will directly benefit approximatelyโข 950,000 workers nationwide.
Beyond the base wage increase, the projectโ includes adjustments to family subsidies and โmaternal allocations. Recognizing the potential impact on smaller businesses, the legislation also incorporates specific support measures for โคMicro, small and medium enterprises (msmes) toโข ease implementation.