It is announced today (29/3/24) during the Cabinet meeting, the young man, who is expected to exceed 800 euros (because of his expected), and will start to apply from 1 April 2024 (p.d. will be shown on the April payroll at the end of that month). The increase in the minimum wage is expected to move to at least 5.5% with scenarios predicting even over 6% e.g. 6.5% 6% to be greater than inflation and is estimated to bring Greece even four places higher in the European ranking. Two are the key scenarios for setting the minimum wage, according to ERT. The basic scenario brings a 6% increase in the levels of 830 euros and the second scenario – based on the fact that the Prime Minister can keep this extra money as a “scenario – surprise” – to 840 euros. We are currently at 667 euros net earnings with data up to the end of March. The range of EUR 830 to EUR 840 corresponds to EUR 706 to EUR 713 net earnings. The minimum wage also affects 19 benefits that directly have a budgetary impact, whether unemployment benefits or IMIPA programmes, but also maternity benefits.
Minimum wage: ‘Non-time’ for the announcement of an increase in
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