Prime Minister Pedro Sanchez says, an increase of 8 percent will be made to the national minimum wages in Spain
The government in Spain is set to approve a resolution to increase national minimum wages by 8 percent.
This announcement was made by prime minister Pedro Sanchez, as per a report in Reuters on Wednesday, February 1.
The increase would mean an additional €93 per month which will bring the new minimum wage in the country to €1,25, to be paid in 12 installments.
“In 1999, a Spaniard needed to dedicate four annual salaries to buy an apartment. Today, he or she needs to spend more than twice as much, eight annual salaries”, said Sanchez during an address.
This hike in the minimum wages will be the fifth time the Sanchez government has made increases since he is in power.
According to the Spanish labour ministry, minimum wages in the country have increased by 47 percent in the country since the last five years.
Following this statement by Sanchez, labour minister Yolanda Diaz of the Unidas Podemos said in a Tweet, “Thanks to the agreement with trade unions, we are making effective one of the major commitments of the legislature: to reach at least 60% of the average wage”.
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