Bloomberg News

Chilean Congress Approves 6% Increase in Minimum Wage

July 19, 2012

Chile’s Congress approved a government bill late yesterday that will raise the monthly minimum wage to 193,000 pesos ($396), an increase of 6 percent without taking inflation into account, the Senate press office said in a statement posted on its website.

The legislation takes effect retroactively from July 1, according to the text of the bill. Chile’s Congress generally raises the minimum wage every year.

To contact the reporter on this story: Randall Woods in Santiago at rwoods13@bloomberg.net.

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net.


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