Minimum wage of R$1,412 will be paid from this Thursday

Minimum wage of R$1,412 will be paid from this Thursday
Minimum wage of R$1,412 will be paid from this Thursday
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The value of the new minimum wage for 2024 is 6.97% higher than the R$1,320, which was in effect from May to December 2023.

Photo: Agência Brasil

O new national minimum wagein R$ 1,412, will be paid from this Thursday, 1st. Although it has been in effect since the first day of 2024, the adjustment amount is only paid to employees after one month of work.

With the adjustment for 2024, the minimum will increase by R$92 compared to what was in force in 2023, which was R$ 1,320. The calculated value of the minimum takes into account the new permanent policy of increasing the minimum wage of the Luiz Inácio Lula da Silva (PT) government.

The policy predicts that the minimum will be corrected by inflation accumulated in the 12-month period ending in November, according to the National Consumer Price Index (INPC), plus GDP growth from two years before.

According to the Inter-Union Department of Statistics and Socioeconomic Studies (Dieese), the readjustment of the minimum will benefit 59.3 million workers and will result in an increase in annual income in the amount of R$69.9 billion.

The entity also estimates that the government – Union, States and municipalities – will raise R$37.7 billion more due to the increase in consumption linked to the higher minimum wage.

Source: Redação Terra

The article is in Portuguese

Tags: Minimum wage R1412 paid Thursday

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