The increase in the minimum wage on 1 January 2024 will be 1.13%

Europe 1 with AFP / Photo credit: PHILIPPE HUGUEN / AFP 11:24 a.m., December 15, 2023

The minimum wage will be automatically increased by 1.13% on January 1, 2024, bringing the gross hourly minimum wage to 11.65 euros, compared to 11.52 euros currently, according to an AFP calculation based on the level of inflation in November, which reached 3.5% year-on-year.

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For a full-time worker, the minimum wage will increase by €19.72 gross per month, to €1,766.92 gross. This increase is much lower than what a group of experts on the minimum wage predicted at the end of November, who were counting on a 1.7% increase in the minimum wage at the beginning of 2024. The group had recommended that the government refrain from any "nudge" beyond the inflation-based automatic revolarization mechanism.

3.1 million people paid the minimum wage, according to Dares

In particular, he had argued that the minimum wage had been increased seven times between 1 January 2021 and 31 December 2023 for a total of 13.5% and considered that a higher increase could have negative effects "on the employment of vulnerable people".

According to statistics from the Ministry of Labour (Dares), the number of employees paid the minimum wage has risen sharply, rising to 1.2023 million on 3 January 1, i.e. 17.3% of all employees.