Minimum wage in the United States

As of Sunday, May 1, the minimum wage increased by 7.5 pct, on top of the 2 pct increase introduced in January 2022, rising to 713 euros per month from 663 euros previously. The corresponding minimum daily wage will increase to 31.85 euros from 29.62 euros.

Moving in the right direction is the increase of the minimum wage, as it strengthens the income of the low paid and at the same time can "breathe life" in to the market, as noted in a statement by the president of the Athens Chamber of Commerce, Giannis Chatzitheodosiou.

The Minister of Labor, Kostis Hatzidakis, spoke on the "Koinonia Ora MEGA" television show about the increase of the minimum wage.

High expectations for the increase of the minimum wage, which may even exceed 6%, are cultivated by the government, while the process has entered its final stage with the Centre of Planning and Economic Research-KEPE today, Friday 15 April, to deliver to the Minister of Labor the conclusions of the dialogue between scientific and social actors.

The minimum wage will remain at the level of BGN 710 (EUR 363) until 2025, it is clear from the draft of the new medium-term budget forecast of the Ministry of Finance. It envisages a lower rate of annual growth of pensions - from July 1, 2023, it will be 9.1 percent, and in the coming years, the indexation will be respectively 6.9 and 5.4 percent.

Ljubljana – Labour Minister Janez Cigler Kralj said on Thursday the minimum hourly pay for student work would be raised to EUR 5.89 gross this week. Thus he responded to criticism from the opposition Left and the Student Organisation that student pay had not been adjusted to the minimum wage raise.

Ljubljana – The government adopted a new stimulus bill on Monday, with the extension of the furlough scheme and minimum wage subsidies as the key measures that are to help companies weather the epidemic.

Ljubljana – The Employers’ Association is not supporting the Labour Ministry’s proposal to partly cover the minimum wage rise for employers for a limited period of time since it thinks such a measure would offset less than 40% of the increase in labour costs. The organisation urges a better solution.

Brdo pri Kranju/Ljubljana – Labour Minister Janez Cigler Kralj has announced after meeting social partners on Tuesday that he will set the minimum wage for 2021 at EUR 1,024 gross. This is 120% of the minimum cost of living and the lowest possible rise under minimum wage legislation. Last year, the minimum wage stood at EUR 941 gross.

Ljubljana – The statutory minimum wage is scheduled to increase in January under legislation passed in 2018. A new formula tying the minimum wage to cost of living will be used. Preliminary calculations show it will stand at roughly EUR 736 net.