The Senate Unanimously Approved the Increase to the Minimum Wage

The Senate unanimously approved the bill to adjust the minimum wage in Chile, in addition to the Single Family Allowance (SUF) and Family Allowance (AF), sending it to its third constitutional procedure in the Chamber of Deputies and Deputies. The proposal establishes an increase in the current minimum income from $510,636 to $529,000 since May 1, this year, and then to $539,000 as of January 1, 2026. According to the Executive, these increases …

The INE reported that the unemployment rate in Chile remained at 8.7% during the January-March 2025 quarter, with no change in twelve months. Informal occupation fell to 25.8%, with a 7.4% drop in informal workers. In parallel, Congress will discuss the adjustment of the minimum wage, which would rise from $510,536 to $529,000 in May and to $539,000 in January. With this increase, Chile would become the country with the highest minimum wage in S…

The bill adjusting the minimum wage was approved almost entirely by the initiative, which provides for an increase in the minimum wage to $529,000 from 1 May 2025 and a second increase to $539,000 from 1 January 2026. However, some aspects were not approved, so that the bill will have to be returned to the Chamber of Deputies for a further review, which would postpone its passage to law for at least another week. One of the points of conflict wa…