The ruling left coalition (PSOE Y United We Can) announced the convening of the commission of experts on the minimum wage for September 2 to study how much it should go up.
The Second Vice President and Minister of Labor and Social Economy, Yolanda Diazstated that “in the face of runaway inflation, impossible for the social majority, more than ever we must raise the minimum interprofessional salary.”
“There are people in this country with an income like the SMI, which we are going to raise now, who pay bank commissions of 60 euros,” he exemplified in an interview with El Periódico.
Currently, the minimum wage in Spain stands at 1,000 euros per month (14 annual payments) for 40-hour workweeks. If the new increase materializes, it would be the fifth since Pedro Sánchez became president of the Executive, and the fourth since the leftist coalition governs, El Economista highlighted.
upset businessman
The Spanish Confederation of Business Organizations (CEOE) He has already questioned other measures of the Spanish government to overcome the unprecedented economic crisis, unleashed by the increase in energy and fuel costs as a result of the war in Ukraine.
Although initially that employer had a correct relationship with Pedro Sánchez, the latest economic provisions such as the tax on banks and the one on extraordinary income complicated the link.
A new increase in the minimum wage clashes squarely with the CEOE’s recipe to overcome the crisis: low wages and frozen pensions so that companies do not lose competitiveness.
The government, which is already looking at the electoral horizon for next year, knows that the increase in the SMI will be combated in the Congress for him People’s Party (PP), that expects a triumph at the polls from the hands of its new leader Alberto Nunez Feijoo.
Analysts estimate that the conservatives, in this battle, will have the support of business employers, who criticize what they consider a Bolivarian drift of the executive in Spain.
Spain, with the highest increase in Europe
The government of Pedro Sánchez promised, at the beginning of its mandate, that the minimum wage would reach 60% of the average wage by 2023, adjusting it to the recommendations of the European Social Charterrecalled La Politica Online Spain.
Currently, 1.5 million employees have salaries with a 36% increase compared to 2019.
Thus, Spain leads the ranking of increases in the minimum wage in Europe in the last two years, according to Eurostat (European Statistical Office).
The minimum wage in Spain was 735 euros when the leftist coalition came to power. With the planned increase, it will reach 1000 euros.
Source: Ambito
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