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Colombia's Minimum Wage Hike Amid Economic Struggles
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Colombia's government announces a 12% hike in the minimum wage for 2024, citing the need to address high inflation and a struggling economy. The decision was made without an industry group agreement, reflecting the country's economic challenges.
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How do tax reforms and minimum wage increases reflect broader economic policies and labor dynamics across countries?
How might the minimum wage hike impact employment rates and overall economic stability in Colombia?
What strategies could President Petro employ to address the challenges faced by Colombia's economy?
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