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Iacc Degree Project, Senior Business Administration Technician
Iacc Degree Project, Senior Business Administration Technician
IACC INSTITUTE
NAME OF COURSE OF STUDY: BUSINESS ADMINISTRATION TECHNICIAN
NAME OF MENTION: IN HUMAN RESOURCES
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CAN A WORKER LIVE ON THE MINIMUM WAGE IN CHILE?
SUMMARY
I have to mention that this is a research work and at the same time it tries to be a
combination of the analysis of how the minimum wage influences within a market
economy sustainable in time as Chile's is. This research is based on an approach to the
functioning of an economy and in turn it should be mentioned that this economy has
embedded in its needs a labor market, which provides the necessary labor for it to
function. This study of the minimum wage is based on a series of data reviewed both in
the country and in the international market, which tries to measure the relationship that
exists in the market between employment and the minimum wage, for this we have
looked for a period since the beginning of democracy in the country, and it is here that we
have found interesting results of the evolution of the minimum wage in the country.For
this we have looked for a period since the beginning of democracy in the country, and it is
here that we have found interesting results of the evolution of the minimum wage in the
country.
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CAN A WORKER LIVE ON THE MINIMUM WAGE IN CHILE?
INDEX
1.- Introduction
2.- The problem or object of research
3.- Theoretical Framework
4.- Hypothesis
Methodological Framework
6.- Gathering of information
7.- Analysis and results
8.- Conclusions
9.- Bibliography
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CAN A WORKER LIVE ON THE MINIMUM WAGE IN CHILE?
INTRODUCTION
This research work is carried out with the purpose of obtaining the title of Superior Technician in
Business Administration with mention in Human Resources, which is given by the Instituto Iacc.
What has been developing through these weeks of study has to do with the investigation of
whether "CAN A WORKER LIVE WITH THE MINIMUM WAGE IN CHILE", in this research will try to
capture all the work that has been done through the weeks of study, this research is focused to
see how if the minimum wage goes hand in hand with the expenses that workers who earn this
type of salary have during a month of work.This research is focused on being able to see if the
minimum wage goes hand in hand with the expenses that workers who earn this type of salary
have during a month of work.
In this work we will try to capture in some way all the points reviewed and the types of research
that have been done through the internet and occupying everything that is available and here we
will also mention how some countries in the world have been somehow arranging the minimum
wage so that their workers can live in the best possible way and have no problems with their life
during their work period either inside and outside their work and these are dedicated to develop
their work accordingly and in this work we will try to show that the minimum wage is a minimum
wage.Here we will also mention how some countries in the world have been somehow arranging
the minimum wage so that their workers can live in the best possible way and not have problems
with their lives during the period of work either inside or outside their work and these are
dedicated to develop their work as appropriate and within this research we can see that when you
want everything can be done.-
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CAN A WORKER LIVE ON THE MINIMUM WAGE IN CHILE?
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CAN A WORKER LIVE ON THE MINIMUM WAGE IN CHILE?
THEORETICAL FRAMEWORK
Within the theoretical framework we will try to represent in the best possible way how the
economy of a country goes hand in hand with the work and this in turn goes hand in hand with the
minimum wage earned by workers, it should be mentioned that there are several models of
theoretical frameworks that economists use to study the work itself with the salary, it must be
taken into account that a country must maintain an economy that is capable of evolving and
having a sustained growth over time so that wages are increasing, in this context the country has
had a sustainable economy over time with its ups and downs but always with a sustained growth
over time so that wages are increasing.In this context, the country has had a sustainable economy
over time with its ups and downs but always in evolution, but this evolution is only reflected in the
profits obtained by the companies and not in what the workers earn.
In the theoretical framework it must be pointed out that the entities that participate in the visual
part of the projection of the monthly salary that the country has are the Government
Representatives, the workers represented in some way by the Cut and also the representatives of
the Businessmen, within these participants the economists participate in some way, always
showing how the economy is doing, even though they always show that the economy is good,
once they meet to discuss how to reach a good salary.Although they always show that the
economy is good, once they meet to discuss how to reach a good salary, it seems that the
economy is good, the salary is not, and since the economy is good, things go up, but what they go
up is not reflected in the monthly salary under discussion. It is worth mentioning that this
discussion takes place on an annual basis, but before it is approved, this discussion always ends in
the National Congress, first with the Deputies and then with the Senators, who, once the bill is
approved, give the final approval for it to become law and be made known to the whole country. -
Within the analysis carried out by the national congress is to see what the participants of the
commission that approved this bill have to see and read how the national economy is doing, and
they can also make some corrections, since that is within their attributions, and they can also
reject it and return to square one.They can also make some corrections, since this is within their
attributions, and they can also reject it and return to square one, but it is here that the President
can intervene directly and make it a law. -
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CAN A WORKER LIVE ON THE MINIMUM WAGE IN CHILE?
HYPOTHESIS
The hypothesis of this research work would be that some of the participating entities, be it the
government, the workers or the employers, would support a substantial improvement in the
monthly salary earned by the workers and this improvement would be to create within this bill a
way to help increase the minimum wage with a monthly aid, which would go hand in hand with
the production that the workers have within the institution in which they are, that is to say, the
higher the production within the work schedule of 45 hours per week, the higher the production
within the 45 hours per week.This would go hand in hand with the production that the workers
have within the institution in which they work, that is to say, the higher the production within the
working hours of 45 hours per week, the higher the minimum wage would be and this would be
increased in a bonus for production, but within their working hours, and not in a bonus for
production, but within their working hours.The higher and better the production within their
working hours, the higher and better will be the increase of the salary and that not only the
owners of the organizations obtain the profit, but that this is distributed in some way to all those
who participate in the production, here in this point not only not only the owners of the
organizations, but also the workers who participate in the production, but also the workers who
participate in the production.Here at this point not only those who work directly but also
indirectly, for example, the cleaner, the secretary, in other words, all the workers, because if the
worker sees an incentive, he works better and production is higher.-
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CAN A WORKER LIVE ON THE MINIMUM WAGE IN CHILE?
METHODOLOGICAL FRAMEWORK
In this context of a methodological framework for this research, we have tried to conduct an
investigation through the available channels that are on the network either by reading the opinion
of those involved in the creation of the laws of monthly wages in the country and how they affect
workers, we have reviewed for some time ago through the information that has been found and
this has been tried to capture within this research, we have to mention that the minimum wage
was created in the country in order to take care of the workers and that employers pay in some
way to the workers and that employers pay the minimum wage in the country.We must mention
that the minimum wage was created in the country with the purpose of taking care of the workers
in some way and that the employers pay in some way for the work done by the workers, that is
the reason why this is analyzed annually. Within the investigation it is necessary to see how has
been the formula so far that has been used in the creation of this and if it is feasible to try to
improve it and that this annually go increasing this salary and there are no commissions every year
claiming for the improvement and increase of this, it must be taken into account that the expenses
of the family basket increases every year and what the minimum wage increases is much lower
than this.It must be taken into account that the cost of the family basket of goods increases every
year and the minimum wage increases are much lower than this, since the minimum wage is not
taken into account in the creation of the minimum wage.The minimum wage does not take into
account all the minimum expenses that workers have monthly, only the government interacts
within the family basket, but it makes the basket with the help of economists who do not take all
the expenses that a worker has monthly, that is why this salary only serves for the worker to
subsist and not live as do countries in the world that have like Chile a sustainable growth over
time.
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CAN A WORKER LIVE ON THE MINIMUM WAGE IN CHILE?
INFORMATION GATHERING
Among the information obtained from the information reviewed, a table of the evolution of the
minimum wage in the country was found, which is attached:
Wei
%
Gross ghts % of
avera
amoun ch. GDP
Variatio ge U.S.
t in to per Regulati
From To n salary Dollars
Chilea 31- capit 3 ons
real (45
n Dec. a of
hours) year2
pesos - 1
2016
Septembe February
11 335 78 734 — 35,6 % 118 Law 18.647
r 1, 1987 1, 1989
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CAN A WORKER LIVE ON THE MINIMUM WAGE IN CHILE?
Wei
%
Gross ghts % of
avera
amoun ch. GDP
Variatio ge U.S.
t in to per Regulati
From To n salary Dollars
Chilea 31- capit 3 ons
real (45
n Dec. a of
hours) year2
pesos - 1
2016
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CAN A WORKER LIVE ON THE MINIMUM WAGE IN CHILE?
Wei
%
Gross ghts % of
avera
amoun ch. GDP
Variatio ge U.S.
t in to per Regulati
From To n salary Dollars
Chilea 31- capit 3 ons
real (45
n Dec. a of
hours) year2
pesos - 1
2016
August 1, June 30, 210 000 240 08 6,5 % 33,3 % 32,4 % 360 Law 20,689
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CAN A WORKER LIVE ON THE MINIMUM WAGE IN CHILE?
Wei
%
Gross ghts % of
avera
amoun ch. GDP
Variatio ge U.S.
t in to per Regulati
From To n salary Dollars
Chilea 31- capit 3 ons
real (45
n Dec. a of
hours) year2
pesos - 1
2016
2013 2014 2
Decemb
July 1, 252 52
er 31, 241 000 2,6 % 35,3 % 33 % 378 Law 20,763
2015 1
2015
Decemb
July 1,
er 31, 257 500 — — — — — Law 20,935
2016
2016
Decemb
July 1,
er 31, 270 000 — — — — — Law 20,935
2017
2017
January
— 276 000
1, 2018
This table shows the evolution of the increases that the minimum wage has obtained in the
country, it is worth mentioning that these salaries always come into effect on July 1 of each year
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CAN A WORKER LIVE ON THE MINIMUM WAGE IN CHILE?
and these are regulated by the ILO (International Labor Organization), this organization is
responsible for ensuring good labor practices worldwide.
Contrary to what is believed that people within the workday I have to mention that there are
companies that leave the rule of only paying a minimum wage for 45 hours of work per week and
these are the construction companies which encourage their workers by offering them a deal for
the work done for example Constructora Guillermo Perez Rivera, this for each job performed by
the worker has a price and it is here that each worker knows what he has to do and when they
enter to work they know in advance the value of what he is going to perform and he is paid for
it.rez Rivera, this for each job that the worker does has a price and it is here that each worker
knows what he has to do and when they enter to work they know beforehand the value of what
he is going to do and he realizes that with a constant work within the working day he will be able
to earn a better monthly salary.-
Here also with this type of work for price the organization obtains a better performance in time
and their jobs come out in the time they have them scheduled, for me this organization has a
vision and a mission to first finish their jobs when they propose it and also their workers earn in
relation to what they do and that is why this has been sustainable over time, what I try to capture
with this example is that the higher the production, the greater the reward and the minimum
wage is secondary because no one is concerned about how to get to get to the end when they
propose it.What I am trying to show with this example is that the higher the production, the
higher the rewards and the minimum wage becomes a secondary issue because nobody is worried
about how to make ends meet with what they earn because when they start working, they have a
vision of their future working in these conditions.-
There are companies or organizations that leave the context of a minimum wage and these are
very far from reality and with this I am talking about the companies that work in mining, be it
copper, gold and now what has to do with the exploitation of lithium, these leave this context
because what a worker earns here does not have to do with the reality of the country. -
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CAN A WORKER LIVE ON THE MINIMUM WAGE IN CHILE?
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CAN A WORKER LIVE ON THE MINIMUM WAGE IN CHILE?
CONCLUSIONS
The conclusion that we can draw is that if within the salary that a worker earns these are
increased this will significantly affect the welfare of workers, since within the studies that
economists and statisticians have made, the better the salary, the higher the production and the
better the quality of life, but for this to become a reality, we have to change the mentality first of
all of the workers and also the mentality of the employers, who often only pay the minimum wage,
not seeing that if they encourage their workers with more and better incomes within their working
hours, the better and better results they will have in their workplaces.But for this to become a
reality, we have to change the mentality first of all of the workers and also the mentality of the
employers, who often only pay the minimum wage, not seeing that if they encourage their
workers with higher and better income within their working hours, they will have better and better
results in their organizations and these will be more sustainable in time.
And the key word here in this discussion is called labor incentive, this word is the one that must be
taken into account by the entities that every year are looking at the minimum wage problem in the
country.
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CAN A WORKER LIVE ON THE MINIMUM WAGE IN CHILE?
BIBLIOGRAPHY .
Internet content: https://www.datosmacro.com/pib/chile
Own experience (Constructora Guillermo Pere Rivera)
Work and controls carried out during Iacc weeks
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CAN A WORKER LIVE ON THE MINIMUM WAGE IN CHILE?
ANNEXES
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