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PP supports the growth of SMI, but without putting all the weight on the companies.

Date: October 2, 2022 Time: 19:19:42

NP National Vice Minister of Economy Juan Bravo welcomes the increase in the Interprofessional Minimum Wage (SMI), but is inclined to try to ensure that the burden of the increase does not fall entirely on businessmen, but instead shared with the administration. At a press conference in Baez (Jaén), Bravo said that the increase would “help the lowest incomes”, especially “to cope with the effects of inflation”, but he asked that measures such as deflation of the personal income tax rate applied to help the business community absorb additional payroll costs.

“If we go down this path, everything will be easier,” Bravo said, recalling that “workers, companies and administration three big groups to work with and there is talk of an income pact.” The PP leader indicated that he agreed from the outset that “people with middle and low incomes, regardless of sector, should put in more effort because they those who suffer the most”, since “everyone suffers from inflation, but few more.” Bravo also requested coordination between all parties. “We cannot find that any of the three legs neither the business sector, nor the labor sector, nor the administrative sector are in a privileged position.”

Moncloa takes for granted the growth of SMI in January 2023.

The government of Pedro Sánchez is already suggesting that the minimum interprofessional wage will rise from January 2023 to 1,049 euros from the current 1,000 and reach 60% of the average wage. Following repeated statements by Minister of Labor and Social Economy Yolanda Diaz, his number two, Secretary of State for Employment Joaquín Pérez Rey, provided some details. The high-ranking official assured that at the current level of inflation The government “should carry out” its program and intends to return to the media again next year. In statements to the Sixth, Pérez Rey explained that in early September – the meeting is scheduled for the 2nd of this month – they will meet with a panel of experts to analyze how that increase must be placed, which will be applied next year.

In June last year, an expert advisory commission pointed out to the Government several ranges and scenarios for the growth of SMI. A scenario of three increases was set for 2021, 2022 and 2023. Thus, in September last year, the Government raised the minimum wage from 950 euros to 965 euros. This year the committee proposed increases of 1009, 996 and 986 euros, although the government decided to raise SMI by €35 to €1,000. Meanwhile, the minimum wage had to reach 1,049 euros in 14 payments in 2023 to meet the 60% target. SMI is currently €1,000 gross in 14 installments and the increase would mean 4.9%, far from the 8% inflation forecast for the year as a whole.

Source: www.lainformacion.com

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