Any intervention to boost the disposable income of workers-consumers is positive, said the president of GSEVEE George Kavvatha about the minimum wage but added that the market expects, in the near future, the government to proceed with support measures to reduce energy costs and VAT, to enhance the liquidity of companies, but also to further reduce employer contributions.
In more detail, the president stated the following: “Any intervention to boost the disposable income of workers-consumers is positive for the market. Therefore, the Government’s decision to accelerate the increase of the minimum wage from May 1 by 50 euros from 663 to 713 650,000 employees, will relieve households and boost their purchasing power, but we must not forget that in a difficult time for businesses, they incur additional costs, at the same time as the decision to raise the minimum wage is budget neutral. .
Obviously, and given that the Government has room for intervention, we expect in the near future to proceed with support measures to reduce energy costs and VAT, to strengthen business liquidity, but also to further reduce employer contributions, so that the market to be able to cope and ultimately increase the minimum wage to benefit both households and businesses. “Otherwise the risk of undeclared work and / or passing on costs to the consumer is seen as a last resort for business survival.”
SOURCE: AMPE
Source: Capital
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