Monthly Minimum Income 2022: How much will the new minimum wage increase and in what months will the new minimum wage be implemented?

In the context of the growing inflation that significantly complexes the country’s economy – which has consequently led to the rise in food prices in the basic basket – the Government after a meeting with the Single Confederation of Workers (CUT), agreed to increase the minimum wage to 400 thousand.
The great debate of increasing wages for all workers has been increasingly prevalent in the aftermath of the pandemic. However, not all companies and SMEs can realize this increase so easily.
However, the Minister of Finance, Mario Marcel, said that before the current minimum wage of $ 350 thousand, “it is included to propose to Congress a readjustment of the Minimum Monthly Income, for workers over 18 years old and under 65 years old of $ 50,000 during this year.”
At that point, “it will be paid as follows: as of May 1 it will increase to $ 380,000. While from August 1 it will increase to $ 400 thousand, “explained the head of the Treasury.
Likewise, Marcel explained that if the accumulated inflation in 12 months exceeds 7% as of December of this year, the minimum wage will be $410,000 in January 2023. While he also indicated that there will be a “transitional compensation”, charged to the State, so that SMEs can assimilate this increase in the minimum wage.
It should be noted that the increase is also related to the Guaranteed Minimum Income Subsidy, which is an economic contribution that the State provides to dependent workers with working days of 30 to 45 hours per week. The main objective is to increase people’s income to ensure a higher salary.
To receive this benefit it is necessary to have the file of the Social Registry of Households and belong to the 90% bracket, in addition you must receive a gross salary of less than $ 421,250.
If you wish to apply you must enter the website ingresominimo.cl and register with personal data or the unique password.
This IMG is valid until December 31, 2023 and the aid is paid the last five days of the month following the application. For example, if you apply in April 2022, the subsidy will be paid the last five days of May.

Original source in Spanish