The Government promises to bring the Minimum Wage to 60% of the average salary, but 1,000 euros already represent 66.7%

The Executive approved last Tuesday the increase in the

to

with retroactive effect from January 1 and reiterated its intention to continue raising it until it coincides with

, in order to comply with the European Social Charter signed by Spain and also with one of the objectives of the coalition government program.

brought together by the Minister of Labor,

, has already confirmed

, to advise her on the path of increases, the real difficulty when deciding how much to increase the SMI to make it coincide with 60% of the average salary is precisely in

"Salary is one of the most important economic determinants, however,

since all available sources suffer from pros and cons," they acknowledged when they presented their report in June 2021. To To be able to estimate it, they had to start from outdated data from the National Institute of Statistics (INE), from 2019, and prepare a calculation.

According to this,

would mean increasing it to

-if the average salary remained unchanged-, up to

-if in 2020 it had risen by 0.9 %- or

-if in 2020 the average salary had risen by 1.8%-.

All this without taking into account the increases in the average salary that could take place in 2021, 2022 and 2023.

Although there is still no official data from the INE on the evolution of the average salary in the last year, the human resources consultant

does already have an estimate.

According to their records, presented this Thursday,

last year, a historical record for this indicator but whose purchasing power was significantly reduced by the blow of inflation.

If the average salary amounts to 1,749 euros in twelve payments or 1,500 euros in fourteen, the current Minimum Interprofessional Salary of 1,000 euros in fourteen payments or 1,166.66 euros per month

"

commented on Twitter

when he learned of the minister's intention to raise the SMI to 1,000 euros.

"For the second, a Royal Decree Law is enough, for the first, the knowledge, discipline and excellence of the entire society are needed.

Although it may seem so, it is not impossible , at least from the point of view of mathematics", he said in reference to the growing proportion that the SMI represents with respect to the average salary.

territorial gap

Although the average gross salary is 1,749 euros, there are

, according to Adecco, with a gap that exceeds 600 euros difference.

The

is the region with the

followed by

(2,047 euros), the Foral Community of

(1,887) and

(1,868).

They are the only four communities with a record above the national average.

On the opposite side are

(with an average salary of 1,402 euros),

(1,418 euros), the Region of

(1,541) and

(1,557 euros).

This means that in all the communities in which the average salary is at medium and low levels,

Specifically, this is already happening

where 60% of the average salary would be equivalent to 1,242 euros and 1,228 euros respectively per month (or 1,065 euros in fourteen payments in the case of Madrid and 1,052 in the Basque Country). ).

In Navarra, the next with a higher average salary, 60% would be equivalent to 1,132 euros per month or 970.4 euros in fourteen payments.

With which here the SMI of 1,000 euros already exceeds that 60%.

Conforms to The Trust Project criteria

Know more

• INE

• minimum salary

• Articles Alejandra Olcese

Monitor AdeccoThe average salary in Spain accumulates a loss of purchasing power of 7% since 2009 due to inflation

Minimum Wage Employers warn that the SMI will fully impact SMEs and will charge up to 130,000 jobs in 2022

TaxesCitizens asks to adapt personal income tax to inflation and alleviate the loss of purchasing power of workers

See links of interest

• Last News

• When does the 2021 Income start?

• Income 2021

• Work calendar 2022

• Economy Podcast

• How to do

• Olympiacos - Atalanta

• Royal Society - RB Leipzig

• Dinamo Zagreb - Seville

• Lazio - FC Porto

• Zalgiris Kaunas - Real Madrid