Yolanda Díaz, second vice president of the Government and Minister of Labor, transferred this Tuesday to the expert commission that The increase in the minimum interprofessional wage (SMI) for 2025 should ensure that no one loses purchasing powerthat is, it must reflect at least the rise in inflation. On the average of the last eleven months, inflation is around 2.6%.
“The mandate is one, that there be no loss of purchasing power and from there that they work,” Díaz said after the first meeting of the Advisory Commission for the Analysis of the Interprofessional Minimum Wage.
Díaz has also claimed that the increase serves to continue advancing towards the minimum wage being 60% of the average wage in Spain.
The minimum wage currently stands at 1,134 gross euros per month after the 5% increase applied for 2024.
Díaz explained that the work of the commission of experts begins now and Afterwards, the social dialogue table will be convened to address the issue.. The minister has not ruled out that the negotiation to increase the SMI extends beyond December.
These steps commit that the new minimum wage is in force on January 1 although Labor has indicated that they will try to meet the deadlines and has recalled that, in any case, applies retroactively.
“There are no numbers behind the minimum wage, there are familiesthere are faces and there is childhood,” emphasized Díaz, who has insisted on the need to improve salaries in Spain. “We have to be European in terms of salaries. Having better salaries makes the economy work better,” added the Minister of Labor, who highlighted the importance of increases in the SMI in the fight against inequality.
The interprofessional minimum wage accumulates, from its creation in 196360 increases – five years it was increased twice, while another five it remained frozen – until reaching 1,134 gross euros per month in 14 payments in which it stood in 2024.
In this line, Yolanda Díaz recalled that the median salary in Spain is 22,383 euros per yearso there is “a lot of room and room to converge with European salary averages” and has defended the SMI as htool to combat “working poverty”.
Since the arrival of the PSOE to the Government in 2018 (when it was at 735 euros), the SMI has accumulated a revaluation of 54%.
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