Salario mnimo is the minimum wage set by the Colombian government each year. It is the lowest amount that employers are legally allowed to pay their employees. The minimum wage in Colombia is determined by the Consejo Nacional de Salarios y Salarios Mnimos (National Council of Salaries and Minimum Wages), which is made up of representatives from the government, employers, and workers.
The minimum wage is important because it helps to ensure that workers are paid a fair wage for their work. It also helps to reduce poverty and inequality. The minimum wage in Colombia has been increasing steadily in recent years. In 2023, the minimum wage was set at 1,160,000 Colombian pesos per month. This is equivalent to about 278 US dollars per month.
