Labor negotiation table supported maintaining the 23.7% increase in the minimum wage for 2026
Following the provisional suspension of the decree that set a 23.7% increase for the minimum wage in 2026, the Ministry of Labor and the Permanent Commission for the Concertation of Wage and Labor Policies met this Monday, February 16, to try to reach an agreement on the new transitional decree.
TL;DR
- The Labor Negotiation Table has supported maintaining the 23.7% minimum wage increase for 2026.
- Employers and union centrals agree that the increase should not be modified to prevent labor market and economic uncertainty.
- The government will issue a transitional decree as ordered by the Council of State.
- The concept of a 'vital and mobile' minimum wage, as per the Constitution, is being defended by the government.
- The National Business Association of Colombia (ANDI) acknowledges the significant economic costs but supports respecting the consolidated situation for workers.
- Fenalco warns that maintaining the increase could put over 700,000 formal jobs at risk and pressure over a million SMEs if not adjusted to productivity and inflation.