The World Madrid

Madrid

Updated Saturday, February 3, 2024-12:50

The President of the Government,

Pedro Sánchez

, announced this Saturday that the Council of Ministers next Tuesday will approve the increase in the minimum interprofessional salary (SMI) to 1,134 euros per month.

"That is, colleagues, politics, what we socialists do, transforming the reality of citizens and governing for the social majority of our country," Sánchez highlighted at an electoral event in

Ourense

attended by more than a thousand. people to support the PSdeG candidate for the Presidency of the Xunta, J

osé Ramón Gómez Besteiro.

The increase in the SMI by 5%, which

represents 54 euros more per month

, up to 1,134 euros gross in 14 payments, represents an expansion of the "social shield" and is another example that "Spain is going in the right direction," he said. Sánchez abounded, according to Efe.

This increase does not have the approval of the employers' association, CEOE, which withdrew from the agreement when none of its claims were met by the Executive. The Ministry of Labor, seeing that the employers were not going to agree to the 4% increase that they proposed and that they were leaving the negotiating table, ended up agreeing to a 5% increase with the unions.

The employers' association led by

Antonio Garamendi

was not opposed to the increase in the minimum wage (they offered between 3 and 4%), but requested that this increase also be accompanied by an update in the field of contracting with public administrations and in the agricultural sector. The Executive never contemplated that route and the CEOE ended up abandoning the social dialogue table.