HE Council of Ministers approved the royal decree this Tuesday 8% increase interprofessional minimum wage (SMI), until you place 1,080 Euro gross in 14 paymentsan increase agreed with the unions.
After more than a month of negotiations and without the help of the CEOE employers, the Head of Government, Pedro Sanchez, He announced this increase two weeks ago and underlined that the minimum wage was increased by 47% in the last five years, or it was the same thing.344 euros per month, up from 736 euros in 2018.
The rise that affects some 2.5 million workers and will have retroactive effects from 1 January, placing this target at 60% of the average salary.
Unions wanted more
CCOO And UGT They demanded a 10% raise up to 1,100 eurosYolanda Díaz, the second vice president and Minister of Labor, defended the high band of the expert committee’s report, which suggested an increase of 4.6% to 8.2% for 2023.
on his behalf CEOE preferred a 4% increase In order to reflect the increase in SMI to the ongoing contracts, it is subject to the creation of a deduction system applicable to the agricultural sector and to amend the regulations regarding the public sector and the review of prices in contracts.
According to projections included in the regulation’s impact analysis, the promotion will add 568.32 million euros to revenue from Social Security contributions.
This report also reports, after recent increases in SMI, Spain is at the top of the middle group at SMI level in the EU, proportional to GDP per capita.
With this increase, the minimum wage was determined as 36 euros per day, 1,080 euros per month and 15,120 euros per year.