Bloomberg Tax
March 16, 2020, 7:50 PM

Chile Retroactively Increases Minimum Wage, Effective March 1 (1)

Jamie Rathjen
Jamie Rathjen

Chile’s monthly minimum wages increased with retroactive applicability as of March 1, the country’s finance ministry said March 14.

The standard monthly minimum wage, for workers from 18 to 65 years of age, is 320,500 Chilean pesos (U.S. $375.69), up from 301,000 Chilean pesos (U.S. $352.83), the ministry said in a decree (Spanish). The monthly minimum wage for workers younger than 18 or older than 65 years of age is 239,085 Chilean pesos (U.S. $302.63), up from 224,704 Chilean pesos (U.S. $286.84), the ministry said.

The monthly minimum wages were adjusted for inflation under Law No. 21,112 (Spanish), which schedules ...