Overview
- The move was issued by presidential decree for the third straight year rather than through the Tripartite Commission.
- The base wage rises from COP 1,423,500 to COP 1,750,905, a lift described as the largest single-year adjustment in recent years.
- Business representatives warn of immediate payroll strain in January and higher fixed labor costs, with concerns centered on small and labor‑intensive firms.
- Sectors such as private security, restaurants and retail are expected to face price pressures as companies pass through higher labor expenses.
- The government presents the increase as a measure to protect purchasing power, and the decree clarifies figures after earlier reports carried differing totals.