Labor experts propose raising the minimum wage between 3.1% and 4.7% next year

The committee of experts that advises the Ministry of Labor has put on the table two proposals for the increase in the interprofessional minimum wage (SMI) next year. The first would involve an increase of 3.1% if it remained exempt from taxation and the second would increase it somewhat more, 4.7%, if it began to be taxed.
According to what El País reported this Thursday and confirmed to Economic Information sources from the Ministry of Labor, the first proposal supposes raise the SMI to 1,221 gross euros per month in 14 payments (this entails an increase of 36.7 euros compared to the current one). The second proposal would mean placing it at 1,240 euros after increasing it by 55.6 euros.
The wise men’s proposal falls somewhere between the demands of the unions and the one launched this week by CEOE and Cepyme. The two employers’ associations are committed to raising it by 1.5%, below the inflation forecast for next year, understanding that it is a “reasonable” increase that would place it above 60% of the average salary in the country, which is the objective that Labor has set. The department headed by Yolanda Díaz considers that this is a lax and speculative offer.
The figure that CEOE puts on the table is far from the aspirations of the unions, which promote an increase of 7.5% that would take it to 1,273 euros per month in 14 full-time payments. That is, an increase of 89 euros per month compared to the 1,184 euros currently received.
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