The Minimum Interprofessional Wage will rise in 2023: these amounts are expected


Good news for the 1.5 million employed workers who currently earn the Minimum Interprofessional Salary in their jobs. The Government of Spain, the only authority in charge of giving the definitive yes to the increase in the SMI for the next year of 2023, has already given its arm to twist, although according to sources consulted by La Información, it would not have the support of the employer, so the agreement with the unions would be closed. It should be remembered that although the increase in the Minimum Wage is an exclusive power of the Executive, by law – article 27 of the Workers’ Statute – it must be consulted with the social agents.

Precisely in this sense, the Second Vice President and Minister of Labor and Social Economy, Yolanda Diazyou have already assumed that Antonio Garamendiwho has just renewed his candidacy in the CEOE with 80% of the votes, he is not going to put his signature on an agreement to raise the SMI. Also, you could choose not to make too much noise on this matter, as you have done on other occasions, and agree on the figure with CCOO and UGT in a negotiation that would be marked extremely quickly. In any case, this would be the fourth increase so far in the legislature of the coalition governmentformed by PSOE and Unidas Podemos, something that had not happened before.

In any case, This would be the fourth increase so far in the legislature of the coalition government, formed by PSOE and Unidas Podemos, something that had not happened until now. At this point, it is worth making a point to remember the skyrocketing inflation rate, although in October it moderated slightly to 7.3%, which translates into the pocket of the Spanish, who see how expensive day after day the price of electricity and gas, gasoline or diesel, and even that of basic foods. However, this macroeconomic circumstance, marked by the Russian invasion of the Ukraine, does not occur in the context of our country, but also severely affects the rest of the eurozone countries.

How much could the SMI rise in 2023?

The Minimum Interprofessional Wage, currently set at 1,000 euros gross divided into 14 annual payments, has the support of one of the strong arms of this Government. The First Vice President and Minister of Economic Affairs and Digital Transformation, Nadia Calvinoaffirms that it is “favorable to the increase in the Minimum Interprofessional Wage” and confirms the firm commitment of the Government of Spain in situate it at 60% of the average Spanish salary by 2023.

The minister also guaranteed that the technical groups are working in “the fork of that path of increase” to set the SMI for 2023. In addition, the first vice president recalls that the SMI has increased “approximately 35%” since President Pedro Sánchez came to the Government. But there are different opinions regarding this matter, of vital importance for the wage earners of our country.

The Ministry of Labor and Social Economy, led by Yolanda Díaz, estimated the SMI for 2023 at about €1,100. It must be taken into account that in order to establish the exact number of the SMI, the negotiation must also take into account the CPIwhose provisional data will be announced by the INE on Tuesday, November 29, as well as the national average productivity achieved, the increase in labor participation in national income and the general economic situation.


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