Future of Work

Spain will increase their minimum wage by 22%

One Euro coins are pictured after being minted at the Austrian national mint in Vienna April 8, 2009.  REUTERS/Leonhard Foeger  (AUSTRIA BUSINESS) - BM2E54811HZ01

Prime Minister Pedro Sanchez announced the increase on Wednesday Image: REUTERS/Leonhard Foeger (AUSTRIA BUSINESS) - BM2E54811HZ01

Peter Graff
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Future of Work

Spain’s government will approve a 22 percent increase in the minimum wage to 900 euros (813.35 pounds) per month on Dec. 21, Prime Minister Pedro Sanchez said on Wednesday.

The increase, due to enter into force in January, was agreed jointly with anti-austerity party Podemos, as part of the Socialist prime minister’s efforts to get enough support for the 2019 budget to be adopted in parliament.

Image: Statista

The wage increase, initially expected to be formally decided on Dec 28, will be approved by decree as the cabinet exceptionally meets in Barcelona on Dec 21, in what Sanchez said was a sign that his government wanted to boost “prosperity for all territories”.

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Tensions over Catalonia are one of the thorniest issues facing the premier, who controls fewer than a quarter of seats in parliament. The Catalan regional administration has faced anti-austerity protests over the past weeks.

Sanchez’s Socialists need the support of smaller parties to pass legislation such as the budget proposal.

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Related topics:
Future of WorkFinancial and Monetary SystemsEconomic ProgressEducation
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