The Government will raise the SMI to 1,000 euros from the current 964 euros retroactively to last January 1.

The Vice President and Minister of Labor, Yolanda Díaz, has indicated that Spain abandons the anomaly of low wages of "Spain against Europe" and serves to raise wages in general.

The economic model must compete on productivity and not on low wages, she explained.

Díaz has ridiculed the warnings made by institutions such as the Bank of Spain about the impact of increases such as those applied to the SMI in the most vulnerable jobs, qualifying them as the announcement of the seven plagues of Egypt.

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