By March 22, the Minister of Labor and Social Security, Domnas Michailidou, is expected to make a proposal to the cabinet, so as to decide what will be the fourth consecutive increase in the minimum wage, which will come into effect from April 1, as she announced today, Friday.

The agencies have already submitted their proposals but there is a great distance between the proposals of the employers and the workers regarding the height. However, Mrs. Michailidou mentioned that the new floor will have the 8 in front.

Minimum salary 908 euros gross (+16.4%) puts on the table the GSEE Labor Institute as he points out the poverty threshold is at 866 euros.

Dimitris Karageorgopoulos Press and Public Relations Secretary of GSEE states that: “The INE GSEE proposal includes 60% of the median salary which is the threshold of relative poverty and additionally takes into account the increase in labor productivity in 2023 and of course the estimated inflation for 2024.

Discrepancies are also recorded between the employers. The percentages of the increases range from 3.5 to 5%, i.e. a minimum of 807 to 819 euros (gross).

Giorgos Karanikas President of ESEE, points out: “In fact, the small and medium-sized employers (GSEVEE and ESEE) point out that the road to a higher minimum must be accompanied by a further reduction in contributions and measures to support businesses. individual businesses”.

Minimum up to 811 euros gross (or 691.3 net) proposed by the Bank of Greece, estimates that for every one percentage point increase in the minimum wage the average wage per worker increases by up to 0.5%. It is considered that there is scope for a prudent increase in minimum wages and daily wages of up to 4%.

In order not to burden small businesses and specific sectors where the bottom is more widespread, KEPE proposes up to 3 to 4%, while IOBE proposes a prudent increase in the wider range of estimated annual inflation.