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While recently some unions such as the Central Unitaria de Trabajadores (CUT) declared that this year they would reach the table of wage and labor agreements with the request for a 15 percent minimum wage increase, the country’s entrepreneurs, represented by The National Association of Entrepreneurs (Andi) and the National Federation of Merchants (Fenalco) have an opposite view.
While they have not given a number as a starting point for starting discussions for the 2021 salary adjustment, for Andi’s president, Bruce Mac Master, workers and employers must seek a balance, so that you get a readjustment that allows for job creation and that companies produce more.
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“The minimum wage challenge is unique. Many families have lost income, jobs and many companies are struggling. We need to keep the balance,” said Mac Master, who felt the important thing for the parties will be to focus on variables such as unemployment and competitiveness.
“It is hoped that the discussion will be technical, academic, human, supportive and aware of the reality and future of the country,” he added.
For his part, Jaime Alberto Cabal, president of Fenalco, considered this to be an atypical year in the negotiations, since the union he represents estimates that inflation at the end of the year will be 2 per cent, while productivity, due to the fall of the economy will be negative.
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“You have to watch carefully. Some additional points should be revised, but attention needs to be paid to business sector expenditures in order to generate the recovery of jobs, as 2 million jobs are still lost“He stressed.
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ECONOMICS AND BUSINESS – WEATHER
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