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Colombia sets new minimum wage of $270 a month

Tuesday, January 23, 2018

The government of Colombia has set the minimum monthly wage at $270 a month, a an annual increase of 6 percent.

The wage is a key benchmark for a number of financial elements: not only does it impact the wages of all public workers and some private ones, it also affects costs of everything from public transport to service fees and fines.

Source: The Bogota Post