Argentina, Brazil, Chile and Uruguay are the countries that have the highest minimum wage levels in the region.

In Latin America, 11 countries readjust the minimum wage at regular intervals, while another group of seven, which contains Peru, the frequency is variable.

At the end of 2010 Colombia increased the minimum wage by 3.4 percent to 532,500 pesos ($ 284.7 today) and set at 63,600 pesos (34 dollars) a travel allowance.

But surprisingly, inflation in Colombia was 0.65 percent in December, down by the food rises as a result of rains and floods, leading to a 3.17 percent annual aggregate price index (CPI).

Since inflation in December 2010, the unions asked the President to review the minimum wage to increase it.

Is an expected announcement by President Santos to make an adjustment to the minimum wage would remain in 535,600 pesos ($ 286.4) from governing 515,000 pesos monthly minimum wage in 2010.