Demographic Bonuses, Minimum Wages and the Omnibus Law

Two labor issues have become hot topics of discussion lately: the setting of minimum wages and the plan to submit an omnibus law on expanding employment opportunities.

Many people do not realize that the two issues are related to the demographic bonus, which is to reach its peak in 2020-2024. In that period, the ratio of those at a productive age will reach its largest number compared to other periods, so employment issues will become very important to take into account. In 2019, the workforce was estimated at around 137 million and it is projected that by 2024 the number will increase to around 152 million people.