What are the highest paid salaries?

The creation of vacancies with payment of up to two minimum wages (R$2,424) decreased between 2021 and 2022, but still exceeds 90% of the total. This is the range that concentrates the most job offers with a formal contract. Between January and September of this year, 92.44% of the vacancies created fall within this salary range. In the same period of 2021, they were 93.64%. The creation of vacancies for those earning more than 10 minimum wages corresponds to 0.17% of the total in 2022.

Overall, all wage bands combined, job creations are lower than in 2021. The data comes from the Ministry of Labor and Social Security and was compiled at the request of the UOL.

In 2021, 2,345,010 positions paid up to twice the minimum wage were created, and in 2022, 1,985,328 positions were created with the same salaries.

Why has low-wage job creation plummeted? Lucas Assis, an analyst at Tendências Consultoria, which specializes in labor market, regional studies and income classes, says that last year the labor market recovered the vacancies most affected by the pandemic, which are those in the civil service (such as commerce and services) and which normally pay lower wages to employees.

In 2022, Assis says there is a late upturn in vacancies in sectors that have also been hit by the pandemic, but have taken longer to recover, such as schools, tourism, and bars and restaurants. .

search by UOLthe Ministry of Labor and Welfare did not respond before the completion of this text.

September data: The Ministry of Social Security and Labor released this Wednesday (26) Caged (general register of employees and unemployed) data for September, which shows that the country created 278,085 formal jobs in September.

The number of vacancies that pay more than 20 minimum wages is increasing: The number of vacancies that pay more than 20 minimum wages increased by 5%, from 1,071 to 1,125.

Assis says these vacancies generally benefit from the recovery in economic activity and that this may justify the increase in the number, but considers it difficult to be sure, as the number represents a very small part of the workers. with a formal contract.

These vacancies are those that tend to be easier to recover in times of improving economic activity and are less affected by the bad economic scenario than lower paid people.

Low wages are common in Brazil: Assis says the Brazilian labor market, historically, has low wages and the pandemic has made the scenario worse.

It is a market that has a chronic problem of low wages, but we know that the arrival of covid in 2020 has deteriorated the labor market, especially for the most economically vulnerable groups.
Lucas Assis, analyst at Tendências Consultoria

Fernando de Holanda Barbosa Filho, senior researcher in the field of applied economics at FGV/Ibre (Brazilian Institute of Economics of the Fundação Getulio Vargas), says that low incomes are linked to the low level of productivity of Brazilians and the lack of professional skills. qualifications.

The crisis is causing wages to fall: In a high unemployment scenario, people are more willing to return to the labor market earning less, which explains the declines in starting wages seen earlier this year.

Now the hiring salary is rising, but it has yet to reach pre-pandemic levels. The value rose from R$1,892.44 in May to R$1,949.84 in August, in three consecutive increases. In January 2020, before the pandemic, it was BRL 2,115.82.

Barbosa Filho says the trend is for the starting wage to rise if unemployment continues to fall.

The correction of the minimum wage influences: Barbosa Filho says the higher value of the minimum wage also concentrates people in lower income brackets.

Today, the government’s calculation to correct the minimum wage takes into account inflation measured by the INPC (National Consumer Price Index).

If the INPC for a given year was 5%, for example, the national floor for the following year will also be readjusted by 5%. This rule has been in effect since 2019, the first year of Jair Bolsonaro (PL) as president.

What is the expectation for 2023? Assis says the projections are that the labor market will experience a slowdown in job vacancy creation later this year and early 2023.

This must be motivated by the rise in the base interest rate, which is slowing down economic activity, and by the exhaustion of available vacancies. This year, the labor market still reflects the losses of formal jobs due to the pandemic.

Next year, there should be no loss of vacancies, but creation should be slower than this year.

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