The Government agreed in the Council of Ministers to raise the Minimum Interprofessional Wage (SMI) by 8% after the agreement reached with the UGT and CCOO unions. Specifically, the new SMI in 2023 will be 1,080 euros gross in 14 payments.
Union sources estimate that 2.5 million workers will benefit from the increase, of which the most common profile is that of “a woman, between 16 and 34 years of age.”
According to the EPA, 31.7% of those under 24 years of age receive the minimum wage and this percentage drops to 19.2% for those between 25 and 34 years of age, to 12% for those between 35 and 44 years of age, 11.3% for those between 45 and 55, and 10.3% for those 55 and over.
By sector, almost half of farm workers earn the Minimum Wage (46.7%), while the incidence is 14.5% in services, 7.6% in industry and 3.8%. % in the construction.
The increase, which will be retroactive from January 1, will be effective in the payroll for the month of February for workers outside the agreement. Payment that will also include the part corresponding to the January payroll, which in many cases will mean an extra payment of 80 euros. In total, the annual SMI will be 15,120 euros of gross salary.
On the other hand, the employers reported that around 38% of SMEs in Spain that have employees will be affected by the measure, since at least 500,000 have employees who currently earn the minimum wage.
In fact, in this segment of companies -which represents 99.9% of the productive fabric-, a minimum salary of 1,080 euros would be equivalent to 70% of the average salary, since due to their level of productivity they tend to pay lower salaries.
With the increase in the SMI, salaries will be as follows:
According to the criteria of The Trust Project
