Chile Raises Minimum Wage to $535, One of the Highest in South America

Chile has raised its minimum wage to $535 (500,000 Chilean pesos), making it the second-highest in South America, only surpassed by Uruguay. This increase fulfills President Gabriel Boric’s promise of better wages and reduced inequalities since taking office in March 2022. Before Boric’s administration, the minimum wage was $374 (350,000 pesos), showing a gradual increase […]