Los estragos no son ‘mínimos’

TL;DR

The 23% minimum wage increase for 2026 is the primary macroeconomic disturbance, halting disinflation and potentially leading to a spiral of indexation extending beyond 2027.
Estimates suggest the wage hike could cost the country up to 730,000 formal jobs due to increased labor costs amid high interest rates.
Sectors like commerce, construction, and industry will be most affected, forcing companies to revise financial projections.
The government faces increased costs in public payroll, subsidies, health, and pensions, reducing fiscal maneuverability.
Unions celebrate the increase as a historical advancement, while business sectors criticize the lack of technical rigor.
Recommendations include limiting the indexation of the minimum wage to non-essential goods and services, strengthening productivity policies, and establishing a technical rule to prevent political disputes over wage negotiations.

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