Cristina announced that the new minimum wage will be $ 3,600
President Cristina Kirchner announced that the new minimum wage will be 3600 pesos, which represents an increase of 25.2%.
The increase will take place in two tranches: the first 14.78% in $ 3,300 August and the second, 10.42% in January 2014 to complete the final figure.
The President declared, like last year, the elimination of the deduction of income tax for the first installment of the bonus this month.
This measure will reach 88% of employees who pay this tax and it is a cost of $ 2,657 million.