Armínio Fraga, ex-presidente do Banco Central do Brasil, propõe congelar o salário mínimo por 6 anos

Armínio Fraga, Former President Of The Central Bank Of Brazil, Proposes Freezing The Minimum Wage For 6 Years

Written by Noel Budeguer

Published on 15/04/2025 at 21:41

Armínio Fraga, ex-presidente do Banco Central do Brasil, propõe congelar o salário mínimo por 6 anos

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Minimum Wage Without Real Increase for 6 Years? Armínio Fraga, Former Head of the Central Bank, Points Out This Measure as Essential to Contain Public Spending

The economist Armínio Fraga argued that Brazil should freeze the minimum wage “in real terms” for a period of six years. The statement was made during the Brazil Conference, held this weekend at Harvard University and MIT (Massachusetts Institute of Technology), in Cambridge, United States.

Statement from the Former Central Bank President

During his participation in the event, the former Central Bank president (1999-2003) emphasized the importance of a fiscal adjustment in the country and commented on the high public spending, especially with social security. According to Fraga, a real freeze on the minimum wage would be necessary for at least six years to contain the imbalance in accounts.

What Real Freeze Means

ARTICLE CONTINUES BELOW

Brazil Must Maintain International Caution

For the economist, Brazil needs to act prudently in light of the international scenario. “It is essential that the country preserves its independence and adopts more cautious positions in the global arena,” concluded Fraga.

Armínio Fraga, Former President Of The Central Bank Of Brazil, Proposes Freezing The Minimum Wage For 6 Years

Minimum Wage Without Real Increase for 6 Years? Armínio Fraga, Former Head of the Central Bank, Points Out This Measure as Essential to Contain Public Spending

Statement from the Former Central Bank President

Brazil Must Maintain International Caution

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Armínio Fraga, Former President Of The Central Bank Of Brazil, Proposes Freezing The Minimum Wage For 6 Years

Minimum Wage Without Real Increase for 6 Years? Armínio Fraga, Former Head of the Central Bank, Points Out This Measure as Essential to Contain Public Spending

Statement from the Former Central Bank President

Brazil Must Maintain International Caution

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

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