Yolanda Díaz proposes raising the minimum wage by 3.1% and bringing it to 1,221 euros per month
The Ministry of Labor led by Yolanda Díaz has proposed to unions and employers an increase in the minimum interprofessional wage (SMI) of 3.1%. This was announced by Díaz’s number two, Joaquín Pérez Rey, this Wednesday after concluding the second meeting of social dialogue on this matter.
If this proposal were to prosper, the SMI would increase by 37 euros per month in 14 payments and would reach 1,221 gross euros per year. Labor has finally opted for the lowest figure in the range that the experts appointed by the ministry had proposed, which ranged between 3.1 and 4.7% depending on whether this remuneration begins to be taxed or not.
Although the Treasury has not yet revealed whether the SMI will have to go through the personal income tax fund – it has promised to study an extension of the deduction that prevents this – Labor insists that the increase in the minimum wage must remain exempt. “We have committed to the social partners that those people who are receiving the SMI do not pay taxes,” explained Pérez Rey at the end of the meeting.
Unions and employers will now consult the job offer with their decision-making bodies to present a response. “The result of the table is positive and hopeful, none of the organizations have given us a yes or no, the commitment is to evaluate these possibilities with their governing bodies and as soon as possible we will have a response,” added Díaz’s right hand in Work.
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