The cabinet will decide in the autumn on the new increase in the minimum wage for 2023

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The ministry led by Yolanda Díaz calls on the committee of experts that recommended placing the amount between 1,011 and 1,049 euros for a meeting on September 2

The Interprofessional Minimum Wage (SMI) is set to rise again next year despite the current economic uncertainty and despite employers’ reluctance to raise again next year. This is the intention of the government, as confirmed yesterday by its president, Pedro Sánchez, but it is yet to be decided how much. “Obviously this is one of the tasks we need to tackle next fall,” the chief executive said at a press conference, recalling that it’s a legal obligation agreed with United We Can.

For this, the Ministry of Labor has already started work and on September 2 it officially convened the committee of experts that conducted an analysis of how much it should increase to reach 60% of the average salary at the end of the legislature, as recommended by the European Social Charter. The idea is that they are updating the recommendations they made just over a year ago, when they proposed a minimum wage of between €1,011 and €1,049 by 2023 to meet what Europe mandates. However, this amount may be a bit outdated as they were based on different forecasts of the average salary in 2020 and now they already have the official data from the INE: it increased by 1.7%.

Since the arrival of Sánchez in Moncloa, the SMI has increased four times, a total increase of 33.5%, from 735 euros to the current 1,000 euros.

Source: La Verdad

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