The minimum wage is a right conquered in a bill created in the government of Getúlio Vargas in 1940. It tries to regulate the minimum that a person must earn in Brazil.
We're talking about a minimum and not a standard salary like many have earned; It was created precisely to correct the injustices of social inequality that already existed in Brazil since the Portuguese colony.
Annually, this minimum wage undergoes readjustments, this readjustment varies from year to year, it is not a fixed percentage, as it considers, above all, the inflation of the previous year of the new term.
Minimum wage in 2023.
Just recently, the federal government made a forecast for the current value of the minimum wage, thus projecting what the new value will be for 2023, next year. However, it is very important to say that the expectation receives an additional R$80.00 (Eighty Reais).
Thus, the new value with the readjustment will be R$1,212.00 to R$1,292.00 (One thousand, two hundred and ninety-two reais). It is worth mentioning that the forecast for the expected value for 2023 was R$1,302, but the spending ceiling had to be considered in view of the new readjustment.
The index that the federal government considers for the readjustment is the INPC (National Institute of Consumer Price), which is nothing more than a price meter in the practice of inflation, that old practice "how much inflation is hurting me in my pocket"
rate is important
The INPC rate for the last 12 months accumulated was 7.41%, one of the highest in recent years, however, given the inflation the world is experiencing, it is still an acceptable percentage.
Even considering the INPC, real inflation and, in practice, the readjustment of the minimum wage for 2023, it is not a mathematically real readjustment value in the face of inflation, today, the real readjustment would raise the minimum wage to approximately R$1,400.00, but It is worth remembering that the budget law, which establishes a spending ceiling approved in the Senate a year earlier, cannot be exceeded, at the risk of the executive suffering the maximum punishment of administrative impropriety.
The spending ceiling law is recent, it was approved in the Michel Temer government, if on the one hand it is strict and necessary for politicians not to spend what they want, because everything has to be budgeted, on the other hand, the minimum wage has been the most affected, since it is not enough to consider inflation for the real increase in salary, but it cannot exceed the spending ceiling, since retirement is related to the minimum wage readjustment.
And you, what do you think of this new readjustment?
