Minimum wage: On Friday 29 March the announcement of the new increase

Lock and announce tomorrow, Friday, March 29 by the Prime Minister, the new one – which will be valid from April 1st – with two possible ones. The increase is expected to exceed 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 shaping the minimum wage. The minimum wage is 780 euros mixed at the moment. 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 hold this extra money as a “scenario – surprise” – to 840 euros. We are expected to see it tomorrow when the final number is locked. But what matters is what changes at the level of net earnings for at least 600,000 workers, who are paid for the minimum wage. 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. Associated with the rate of increase in the minimum wage, it is unemployment benefit and maternity benefit.