The minimum wage will change in 2024, as expected. Despite the increase, the amount will be below what Brazilians expected. The news was not very encouraging, even though the increase represents 6.97% of the current value.
The new value will be valid from January 1, 2024. Therefore, see what the new value will be established and see more details.
See more: Pix will change in 2024; see what's new
What will be the new value?
Starting January 1st, the minimum wage will be adjusted to R$1,412, representing a lower increase than expected. It is worth noting that there is currently a new minimum wage appreciation policy, which provides for adjustments based on the previous year's inflation plus the positive variation in GDP from the previous two years.
This increase is of great importance, since it exceeds the inflation rate, preserving the purchasing power of Brazilians. When the increase does not exceed inflation, product prices remain stable, while wages remain stagnant, resulting in a decrease in purchasing power.
In other words, the absence of an increase above inflation implies greater disbursement on the part of Brazilians.
How important is the minimum wage?
It is important to highlight that this benefit plays a crucial role in the social and economic scenario, directly impacting the quality of life, the dignity of workers and economic stability in general.
Furthermore, the minimum wage serves as a fundamental guarantee, ensuring fair compensation for the time and effort dedicated by workers. Another relevant aspect is its role as an instrument of social protection, helping to prevent exploitation and promote decent working conditions.
The existence of a minimum wage reduces economic disparities by raising the standard of living for lower-income workers.
Image: Pixabay/ joelfotos
