The Spanish Ministry of Labor is officially starting the process to increase the national minimum wage. Yolanda Díaz, the Minister of Labor, is gathering experts to ensure workers keep up with inflation and aim for that target of 60% of the average net salary.
- First, Minister Díaz convenes the Advisory Commission for the Analysis of the Minimum Wage to review the current economic situation.
- This expert panel evaluates how much the wage floor needs to rise to protect purchasing power.
- The ministry then uses these findings to set its official position before negotiating with unions and business leaders.
- Finally, the government plans to finalize the new wage levels before the general elections on November 29.
This move ensures workers see fair pay adjustments ahead of the upcoming polls.