Chile Retroactively Increases Minimum Wage

July 22, 2021, 6:07 PM

Chile’s monthly minimum wages increased effective retroactive to May 1 in a law published July 12.

Law No. 21,360 (Spanish) increases the minimum wage to 337,000 Chilean pesos (U.S. $448.48), from 326,500 Chilean pesos (U.S. $434.50). The minimum wage for workers younger than age 18 or older than age 65 increased to 251,394 Chilean pesos (U.S. $334.55), up from 243,561 Chilean pesos (U.S. $324.13).

The law also requires further adjustments to take effect Jan. 1 and May 1, 2022.

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