President Gustavo Petro announces 23% minimum wage hike to $1,750,905 COP for 2026 at podium, with cheering workers and concerned business leaders.
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Petro Decrees 23% Minimum Wage Increase to $1,750,905 for 2026 After Stalled Talks

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Following the anticipated Dec 29-30 announcement after failed Tripartite Commission negotiations—as previously reported—President Gustavo Petro decreed a 23% hike to the 2026 legal monthly minimum wage, setting it at $1,750,905 plus $249,095 transport allowance (up 24.5%), totaling $2 million. The move aims to cover vital family living costs amid criticism from business leaders over economic risks.

Labour Cabinet Secretary Alfred Mutua signed legal notices on May 7 effecting a 12 percent rise in general minimum wages and 15 percent for agricultural workers. The move follows President William Ruto's Labour Day announcement and aims to address rising living costs.

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Three days after President William Ruto's Labour Day announcement of a 12% wage increase for all workers and 15% minimum wage hike for agricultural sector employees, workers must wait for legal steps before changes take effect in payslips.

Labor unions at major Japanese electronics makers have launched this year's spring wage negotiations in earnest, demanding a monthly pay scale increase of ¥18,000, surpassing last year's record-high request.

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New data from the Bureau of Labor Statistics shows consumer prices increased by 2.4% in January, below expectations, while average hourly earnings grew 3.7% over the past year. The Trump administration highlighted these trends as evidence of improving affordability under its policies. Private-sector job growth exceeded 170,000 in the month.

The Central Organisation of Trade Unions (Cotu) secretary-general, Francis Atwoli, has urged the Kenyan government to promptly review and enhance the minimum wage for workers in his New Year address. He highlighted the pressing need to raise the statutory minimum wage, which varies by location and job category. Atwoli also called on private sector employers to create a supportive environment for Collective Bargaining Agreement (CBA) negotiations.

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Mexico's government confirmed a 13% increase in the minimum wage for 2026, benefiting millions of workers. The raise will take effect on January 1 and aims to boost purchasing power without causing inflation.

 

 

 

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