Analysts forecast 2027 minimum wage at $1.9M; unions demand double-digit hike

Analysts project Colombia's 2027 minimum wage will rise to approximately $1.9 million, up from the current $1.7 million, excluding a transportation allowance of $249,095. Labor unions are pushing for double-digit adjustments, setting the stage for tripartite negotiations. The outcome will affect formal employment and inflation expectations.

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