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This is how Spain remains in the ranking of the minimum wage in Europe after its rise to 1,080 euros


On January 31, the Prime Minister, Pedro Sánchez, announced in the Senate that Professional minimum salary (SMI) It will rise by 8%, from the current 1,000 euros per month to 1.080 € per month in 14 paymentsafter reaching an agreement with UGT and CCOO.

Boarding It will be approved in the next cabinet It will be retroactive to January 1, 2023, so that employees who benefit from this increase will receive the corresponding economic amount on the February payroll.

With this increase, the intention is “compensation for loss of purchasing power” Because of rising inflation, which makes many basic products more expensive. And it is that although prices increased during the year 2022, wages did not, with the consequent impoverishment of a part of the population, whose ability to bear these costs decreases.

Spain is The second country in the Organization for Economic Co-operation and Development to raise the minimum wage the mostAnd raising it by 36% since the beginning of the term of the current executive authority. “From 735 euros when we got to the government, to 1,000 euros in total a month in 14 payments,” Sanchez recalls.

However, our country is not the only country that has done this in recent months. As many as eight countries declared a Minimum rent increaseSome of these are Lithuania, Germany, Poland, Belgium, the Netherlands, Greece, Portugal and France, among others.

That’s how they stayed less pay In various European countries after the increase agreed upon by their governments to mitigate the effects of inflation:

See also  Spain ranks third in Europe in terms of the most generous pensions, after Greece and Italy

Lithuania

Lithuania It is one of the countries that suffer the most from the consequences of this high inflation, and therefore it is also the country that agreed to the strongest increase in the minimum wage. Looking at 2023, the rent has increased by 18.9%, taking the figure above 730 euros per month to about 870 euros Thanks to this increase.

Germany

Germany It also agreed to an interesting increase in the minimum wage, which will 10.45 euros per hour worked in 12 euros. The increase represents a 15% increase in earnings for workers since last October 1, when it was approved.

Poland

Among the countries that have raised the minimum wage the most Poland, that 2023 has already approved the application of two increases. From January 1, you will go from 3010 zlotys to 3490 zlotys per month (742.6 euros per month), while from June 1 there will be a further increase of 3.1% to 3,600 zlotys (766 euros per month).

Belgium

minimum wage in Belgium It will also increase from 2023 to 1,954.99 euros per month. This represents an increase of 6.1% from the 1,842.28 euros per month agreed last May.

Holland

Since January 1, 2023, the minimum wage for Holland It is also higher thanks to the increase in the minimum income approved by the government. And then it was assigned to 1934.4 euros per month for 40 hours per week, an increase of 10.1% over the previous increase.

Greece

in GreeceThe executive is also considering an increase for 2023, which would be added to the two minimum wage increases it already approved last year: one of 2% for January 2022 and another of 7.5% in May. Thus, the intention is that this income will go from 713 euros per month to 780 euros per month in 14 batches

Portugal

From January 1, the minimum wage Portugalwhich increased by 7.8% in recent months. Thus, you will go from 705 euros per month to 760 euros per monthAlthough, according to Antonio Costa, the intention is to reach 900 euros at the end of the legislature.

France

France This minimum wage also increased in January, rising from €1,678.95 to €1,678.95 1709.28 euros Month. This is an automatic increase based on inflation rates for lower-income households and an increase in the purchasing power of the average salary. In this way, the French minimum wage is already 6.6% higher than it was in 2022.

Luxembourg

Despite being the country with the highest minimum wage in the European Union, Luxembourg He also agreed to increase the minimum wage for the current month of January. The minimum income stands at 2387 euros per month for unskilled workers 2864 euros for those who qualify.

Latvia

in Latvia They were also greatly affected by inflation, which is why the minimum wage was increased from 500 euros per month to 620 euros per monthwhich is an increase of 24% compared to last year.

Estonia

in Estoniathe minimum wage has also increased by almost 11% since last January, with income increasing from 654 euros per month to 725 euros per month.

Slovakia

After an agreement is reached between unions and employers in Slovakia, the minimum wage in the country will reach 700 euros per month compared to 646 last year, which is 8.3% more than in 2022.

Ireland

in Ireland The minimum income has also been increased by 7.6%, so now it’s hourly pay 11.30 euros per hourWhereas before, it was 10.50 euros.

Croatia

by 2023, Croatia It also raised the minimum wage, with the adoption of a new currency, and the switch from the Croatian kuna (HRK) to the euro. Thus, the increase will be 12.5% ​​to reach 700 euros per month.

Czech Republic

in 2022 Czech Republic It also agreed to raise the minimum wage to 17,300 crowns per month (approx 720 euros per month) for the year 2023, representing an increase of 6.8%.

Romania

The minimum wage is also changing RomaniaIt has increased by 20% since January 1st. Thus, it will currently be set to 607 euros per month.

Hungary

Hungary It also approved a 16% increase in the minimum wage, bringing it to 232,000 forints (582.3 euros), while in eligible positions, it will be 296,400 HUF (758 euros per month).

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