The Government announced this Tuesday that the Minimum Interprofessional Wage (SMI) will rise by 8% after the agreement reached with the UGT and CCOO unions. Specifically, the new SMI will be 1,080 euros gross in 14 payments.
Sánchez explained in the Senate that Spain is the second country in the Organization for Economic Cooperation and Development (OECD) that has increased the Minimum Interprofessional Wage the most: 36%, from 735 euros, at the beginning of the legislature, up to the new 1,080 euros per month.
The Ministry of Labor, through a statement, reported that in the last five years, the minimum wage has increased by 47%, or what is the same, 344 euros per month.
Díaz stressed that the Government thus fulfills its commitment that the minimum wage reaches 60% of the average wage, something that "is useful for the citizens of our country."
Union sources estimate that 2.5 million workers will benefit from the increase, of which the most common profile is that of "a woman, between 16 and 34 years of age."
According to the EPA, 31.7% of those under 24 years of age receive the minimum wage and this percentage drops to 19.2% for those between 25 and 34 years of age, to 12% for those between 35 and 44 years of age, 11.3% for those between 45 and 55, and 10.3% for those 55 and over.
By sector, almost half of farm workers earn the Minimum Wage (46.7%), while the incidence is 14.5% in services, 7.6% in industry and 3.8%. % in the construction. After the news, the general director of the agricultural organization Asaja, Juan José Álvarez, lamented that the impact of the increase would be "devastating" in the countryside, which is already suffering the impact of the rise in costs due to the Ukrainian War.
The increase will be retroactive from January 1, but must first be approved by the Council of Ministers in the coming weeks.
On the other hand, the employers reported that around 38% of SMEs in Spain that have employees will be affected by the measure, since at least 500,000 have employees who currently earn the minimum wage.
In fact, in this segment of companies -which represents 99.9% of the productive fabric-, a minimum salary of 1,080 euros would be equivalent to 70% of the average salary, since due to their level of productivity they tend to pay lower salaries.
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