Correlation study between job positions with average income and minimum vital remuneration in the formal sector in Peru for the period 2015-2022 Estudio de correlación entre puestos laborales con ingresos promedios y remuneración mínima vital en el sector formal en el Perú para el periodo 2015-2022

Abstract

The main objective of this research is to study whether there is a correlation between the number of jobs in the formal sector,
both in the entire sector and only in the private sector, with the average nominal income of these workers who are in the fifth category and the minimum wage, both real and nominal, for the period 2015-2022 in Peru. The result shows that there is a statistically significant and direct correlation between the variables studied. This means that more jobs in the formal sector matches with higher levels of average income of workers in this sector, and with higher minimum wage. In addition, it also shows the difference between what a worker in the formal sector produces (S/. 6,412.89 soles per month on average) with what is received on average in a job position (S/. 2,697.70 soles per month on average) for the period 2015-2021 also in Peru, thus finding that the difference is very high, the income represents an average of 42.07% of what it produces.