Hatzidakis at Tik-Tok: “Five things about the new increase in the minimum wage and whoever wants to challenge them”

The Minister of National Economy and Finance commented on its new increase that came into force on April 1st, on social media and responded to those who have the privilege of populating and zeroing everything. Specifically, Kostis Hatzidakis, through his TikTok account, notes that “the minimum wage when the ND took over was 650 euros and has reached 830 euros” and that with the new increase “mixed earnings on a 12-month basis are 968 euros”. According to the minister, the rate of increase in the minimum wage is much higher than the increase in inflation and that Greece is in the 11th place of the EU. in relation to countries applying the minimum wage. In detail, Mr. Hatzidakis’ post: 5 things about the new increase in the minimum wage and whoever wants to challenge them 1. The minimum wage was 650 euros when New Democracy won the elections in 2019 and now rose to 830 euros. 2. On a 12-month basis, gross earnings are 968 euros a month and net 823 euros. 3. In relation to the 22 EU countries with minimum wage status, Greece is ranked 11th in terms of nominal wage value. And with regard to purchasing power in 13th place. I do not take note of them to celebrate, but to emphasise that we are not ‘the last of them’, as some say. 4. While inflation growth from 2019 to 2024 is cumulatively 16.5%, the minimum wage increase is 28%. More than the increase in inflation. 5. The average salary, because some argue that “the minimum may have been raised, but the average salary does not rise”, was, based on the data of the LABOUR System, EUR 1,046 in 2019 and increased to EUR 1,258 at the end of 2023. Much more than inflation, too. Five things about the new increase in the minimum wage and whoever wants to challenge them! “Some people in Greece have the privilege of populating and zeroing everything. We’re trying to be serious. And balance between the great and existing needs of workers on the one hand and the strengths of businesses on the other. I think the course of things shows that we can do it! And we continue!”, concludes Minister Kostis Hatzidakis.