Colombia’s 9.54% Wage Hike: Economic Gamble or Worker’s Gain?

Colombia’s President Gustavo Petro has decreed a 9.54% increase in the minimum wage for 2025, raising it to 1.4 million pesos ($324) per month. This significant boost aims to improve workers’ living standards but raises concerns about potential economic repercussions. The wage hike, while smaller than the 12% increase for 2024, still outpaces the projected […]