By Dimitris Katsaganis A new increase of 5.3% is being considered by the government for the minimum wage in 2023, as confirmed by competent officials to Capital.gr. The forecasts for the continuation of the energy crisis in the next year “impose” on the financial staff an additional significant upgrade of the minimum wages at the […]
Tag: Minimum wage
Argentina: They ‘buried’ the minimum wage
Women in black, flowers and wreaths behind a coffin… The funeral procession in Buenos Aires was for Argentina’s minimum wage, which union members “buried” as it evaporates due to inflation, which is expected to reach 90% by the end of year. “The situation for the workers is desperate. Before the middle of the month the […]
K. Hatzidakis: In January, the procedure to determine the increase in the minimum wage will start
In January, the process to determine the minimum wage increase will begin, as announced by the Minister of Labor and Social Affairs, Kostis Hatzidakis, speaking on a program of the SKAI television station. As he said, at the beginning of January 2023, the consultation with the social partners, the scientific institutes, the Bank of Greece […]
Turkey: Accelerating inflation erodes minimum wage increase
Accelerating inflation in Turkey has pushed the poverty line to four times the minimum wage, according to a report by one of the country’s largest labor organizations, cited by Bloomberg. Food inflation rose 7 percent in July from the previous month, raising the poverty line for a family of four to 22,280 pounds ($1,243) a […]
Turkey: Erdogan announced a 29% increase in the minimum wage
An interim increase in the minimum wage – the first in six years – has been announced by Tayyip Erdogan as Turkish citizens continue to battle the spiraling cost of living. In particular, the monthly net minimum wage will increase by 29% to 5,500 pounds ($328), as the Turkish president announced in a televised address, […]
The Central Bank predicts an increase in wages throughout the economy this year
By Dimitris Katsaganis Wages across the entire spectrum of the economy will go “uphill” this year, according to the forecasts of the Bank of Greece and which are reflected in its monetary report for 2021-22. In particular, the Central Bank predicts that the total remuneration of dependent labor (i.e. employees) will increase this year by […]
K. Hatzidakis: Greece in favor of the Directive on European Minimum Wages
“The Directive on Adequate Minimum Wages has much in common with the procedure we followed and is valid in Greece for the definition of the minimum wage,” said the Minister of Labor and Social Affairs, Kostis Hatzidakis, during his speech today at the Council of European Employment Ministers. Union. The text of the Directive was […]
What the European Minimum Wage Agreement provides for
By Dimitris Katsaganis Increases in the minimum wage and the percentage of “coverage” of collective agreements are provided for in the agreement between the European Parliament and the European Council for their member countries. In particular, this Euro-agreement stipulates that the minimum wage in each EU Member State should be 60% of gross median salary […]
Minimum wage with European signature
It was a good day for Europe. The political agreement on a minimum wage in all Member States, reached by the national governments, the Commission and the European Parliament in the early hours of Tuesday, is reminiscent of a Europe of prosperity and cohesion that we have probably forgotten in recent years. So minimum wage […]
Germany: 22% increase in two installments in the minimum hourly wage decided by the government
The legal minimum wage in Germany will increase to 12 euros on October 1. This was decided by the Bundestag in Berlin on Friday, according to Handelsblatt. Labor Minister Hubertus Heil (SPD)’s minimum wage bill was passed with the votes of the coalition and the Left. Members of the Union and the AfD abstained. Currently, […]
