How the large increase in the Interprofessional Minimum Wage can affect us
Posted: Sun Dec 15, 2024 8:51 am
The pre-agreement reached by the government with its partners on the increase of the Interprofessional Minimum Wage (SMI) to 900 euros per month has provoked various reactions in society in general, but especially among other political parties, social agents and other groups.
With the economic recovery, it seems that the pressures exerted are beginning to have an effect in relation to the salary increase that society has been requesting for some time.
If the SMI is too australia email list 7.6 millions contact leads high, it could lead to a decrease in the number of workers that employers will hire, increasing the underground economy and the number of employees who are not registered with Social Security.
With the economic recovery and the change in the upward trend, the wage increase that unions and society have been requesting for some time now seems possible. Although it is true that with the increase in the minimum wage the European Social Charter is also partially fulfilled , which establishes that the minimum wage in the states that belong to the EU should be at least 60% of the average wage .
The reality is that a measure of this magnitude always brings about a variety of comments. Some opinions are that the effects of the increase will not be so considerable on the economy, based on the fact that the minimum wage does not affect so many employees . While others point out that its effects do not only concern those who earn that salary, but that its consequences greatly influence other economic spheres.
Who and how many will be affected by the increase?
According to the EPA figures , it is estimated that there were around 1,029,000 full-time workers who earned less than 1,000 euros per month in 12 payments. Of these, just over half a million earn the minimum wage , which is currently 735.90 euros in 14 payments . For these workers, the increase will mean a 35% rise .
The previous increase in the SMI is estimated to have affected around 534,000 workers. It is important to note that the SMI is established for full-time employees , so there may be part-time workers who earn less than the stipulated amount.
Start of marked textShare! Find out how the increase in the SMI (Minimum Interprofessional Salary) up to 900 euros per month can affect us.End of marked text
The difficulty lies in analysing the next section collected by the EPA. Some sources estimate that it could affect more than a million people upwards . Therefore, the increase in the minimum wage should have an impact on the rest of the salaries, especially the lowest ones. For example, with the previous increase in the SMI, from 707.70 to 735.90 euros per month, workers who received a salary between these amounts saw their remuneration automatically rise.
With the economic recovery, it seems that the pressures exerted are beginning to have an effect in relation to the salary increase that society has been requesting for some time.
If the SMI is too australia email list 7.6 millions contact leads high, it could lead to a decrease in the number of workers that employers will hire, increasing the underground economy and the number of employees who are not registered with Social Security.
With the economic recovery and the change in the upward trend, the wage increase that unions and society have been requesting for some time now seems possible. Although it is true that with the increase in the minimum wage the European Social Charter is also partially fulfilled , which establishes that the minimum wage in the states that belong to the EU should be at least 60% of the average wage .
The reality is that a measure of this magnitude always brings about a variety of comments. Some opinions are that the effects of the increase will not be so considerable on the economy, based on the fact that the minimum wage does not affect so many employees . While others point out that its effects do not only concern those who earn that salary, but that its consequences greatly influence other economic spheres.
Who and how many will be affected by the increase?
According to the EPA figures , it is estimated that there were around 1,029,000 full-time workers who earned less than 1,000 euros per month in 12 payments. Of these, just over half a million earn the minimum wage , which is currently 735.90 euros in 14 payments . For these workers, the increase will mean a 35% rise .
The previous increase in the SMI is estimated to have affected around 534,000 workers. It is important to note that the SMI is established for full-time employees , so there may be part-time workers who earn less than the stipulated amount.
Start of marked textShare! Find out how the increase in the SMI (Minimum Interprofessional Salary) up to 900 euros per month can affect us.End of marked text
The difficulty lies in analysing the next section collected by the EPA. Some sources estimate that it could affect more than a million people upwards . Therefore, the increase in the minimum wage should have an impact on the rest of the salaries, especially the lowest ones. For example, with the previous increase in the SMI, from 707.70 to 735.90 euros per month, workers who received a salary between these amounts saw their remuneration automatically rise.