Colombian President Gustavo Petro on Monday decreed a 23.7% increase in the country’s minimum wage for 2026, the largest real rise in at least two decades, bypassing negotiations with unions and business groups and sparking warnings from economists, bankers and employers over inflation, job losses and rising informality. The decree lifts the monthly minimum wage […]
Colombia’s 23.7% Minimum Wage Hike, Stirs Inflation and Informality Fears
By The City Paper Staff
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