The process of defining a new one is in full swing minimal salary which will come into force on April 1, while the agencies have already submitted their positions OMED, suggesting an increase from 3% to as much as 15.8%. The highest bid, as expected, was submitted GSEEBye KEPE, IOVE And TTE they offer a 3% to 5% increase. Slightly higher offers of scientific institutions of social partners and mainly traders and hoteliers, close to the level of inflation or even an increase for pensioners.
At growth rates of around 2%, any increase in the minimum wage above 3–4% will result in higher unit labor costs, according to KEPE. The Bank of England notes that in order to keep the economy competitive and price stable, and given the significant slowdown in inflation projected for 2023, there is scope for minimum wage and daily wage increases ranging from 3% to 5%. The increase in the minimum wage could come close to estimated inflation for 2023, according to IOBE. It should be noted that according to the 2023 budget report, inflation this year is projected at 5%.
The proposal of the ESEE Institute (INEMY ESEE) is also moving towards the 5% level, indicating that a possible new increase in the minimum wage should be, on the one hand, reasonable (below the inflation rate), and on the other hand. be related to subsidizing employer premiums and eliminating fees such as service fees and advance taxes.
KEPE, IOBE and TtE submitted a proposal for an increase from 3% to 5%.
An increase of 5.5%, which would raise the minimum wage to 752.22 euros within 14 months, is considered reasonable by the Institute of the Association of Greek Tourism Enterprises (INSETE). IME GSEVEE is proposing an even bigger increase, from 8% to 10%, stating that small and very small businesses will mostly be affected. For this reason, he proposes that countermeasures be taken to cover the additional costs, such as the complete abolition of the sham fee.
The INE GSEE proposes a minimum wage of 826 euros, i.e. an increase of 15.8%, with the Confederation also asking for a three-year “unfreeze”.
Source: Kathimerini
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