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Minimum Salary 2027 in Colombia Would Rise 8.5% and Remain at COP$1.9 Million, According to Banco De Bogotá
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The minimum wage of 2027 would have three possible scenarios of increase, with effects on workers' pocket and company costs.
If the government seeks to moderate inflationary pressures, reduce rates and stimulate investment, the adjustment of the minimum wage for 2027 would be around 8.5%, according to the special report of Economic Research (IE) of Banco de Bogotá. With this increase, the minimum wage (SMLV) would be $1,900,000, without the transport subsidy to which these workers are entitled. At the beginning of October, the government cited the Permanent Committee …
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