Minimum wage in the United States
According to the preliminary data, in February 2020 the index of production in section 'Construction' calculated on the base of seasonally adjusted data was 0.6% below the level of the previous month. In February 2020 the working day adjusted index of production in construction decreased by 1.1% in comparison with the same month of 2019.
The minimum wage will rise to BGN 610 from January 1, 2020. Its amount will increase by BGN 50 or 8.9% compared to this year, the government decided.
The economic development, sustainable GDP growth, an increase in the number of employees and a reported increase in the national average wage contribute to the increase in the minimum wage to BGN 610.
The minimum wage per economy might increase 7.2%, said Prime Minister Ludovic Orban on Tuesday, in a post on the Government's Facebook page. He specifies that, this week, the proposals for the formula for calculating the minimum wage will be finalized. "This week, we will finalize the proposals for the minimum wage calculation formula.
Prime Minister Ludovic Orban said on Monday that "there is a certain degree of urgency" regarding the adoption of the decision to increase the minimum wage, specifying that it should be taken by the end of November, the beginning of December, at the latest, so that the business environment knows in time.
The Confederation of Labour Podkrepa will ask for a minimum wage of 1000 BGN to be set in the budget for 2020, since this minimum wage currently corresponds approximately to the labor productivity. This was stated by the economic adviser of the trade union Vanya Grigorova, who participates in a forum for the rights of posted workers, organized by the trade union, BTA reported.
The state, business and trade unions will not agree on a mechanism for raising the minimum wage this year, which means that the amount of BGN 610 in force will enter into force in 2020.
This was made clear by the words of Temenushka Zlatanova, head of the Department of Life and Demographic Policy at the Social Ministry.