The increase in the SMI will directly affect around 2.5 million workers across the Spanish state, mainly young people and women.
The Council of Ministers of the Spanish government today approved the increase in rates interprofessional minimum wage (SMI) from 5% to 1134 gross euros per month in 14 paymentsretroactively from January 1.
The minimum wage increase, agreed with CCOO and UGT in mid-January without the consent of CEOE-Cepyme, will directly affect approximately 2.5 million workers, mainly young people and women.
From 2018 to 2023, the SMI increased by 344.1 euros per month, which is an increase of 46.8%.
The Council of Ministers also approved the additional 0.5% salary increase for government employees for 2023, which will be paid because last year’s economic growth exceeded the forecast in the General Budgets.
(Expansion will continue)
Source: EITB
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