Chile minimum wage to see two adjustments in 2027 under Law 21.830

Chile's Law 21.830, enacted in June, raised the minimum wage to 553,553 CLP and mandates two further adjustments in 2027. The law also increased the minimum income for workers under 18 and over 65 to 412,938 CLP. The specific dates and amounts for 2027 adjustments remain unspecified, and the economic rationale is not detailed in the report.

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