Madrid (EFE).- The Council of Ministers approved this Tuesday the royal decree with the increase of 8% of the minimum interprofessional wage (SMI), to place it at 1,080 euros gross in 14 payments, an increase agreed with the unions.
After more than a month of negotiation and without the help of the CEOE employers, the President of the Government, Pedro Sánchez, announced this increase two weeks ago and highlighted that in the last five years, the minimum wage has risen by 47%, or which is the same, 344 euros per month from 736 euros in 2018.
The rise, which affects some 2.5 million workers and will have retroactive effects from January 1, places this salary at the target of 60% of the average salary.
CCOO and UGT demanded an increase of 10%, up to 1,100 euros, while the second vice president and Minister of Labor, Yolanda Díaz, had advocated for the high band of the report of the committee of experts, which proposed an increase for 2023 from between 4 .6% and 8.2%.
36 euros a day
For its part, the CEOE opted for a 4% increase subject to establishing a system of deductions applicable to the agricultural sector and modifying the regulations for reviewing prices in contracts with the public sector in order to be able to affect the rise of the SMI in contracts in execution.
The promotion will add 568.32 million euros to the income from Social Security contributions, according to the projections included in the impact analysis of the regulation.
This report also highlights that, after the latest rises in the SMI, Spain is located in the upper part of the medium group of SMI level in the EU, in accordance with its GDP per capita.
With this increase, the daily minimum wage is set at 36 euros, the monthly at 1,080 euros and the annual at 15,120 euros.
