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Spain to raise minimum wage by 8 percent in 2017
TheLocal.es ^ | 2 December 2016 16:32 CET+01:00 | AFP

Posted on 12/02/2016 9:17:47 PM PST by Olog-hai

Spain’s minority conservative government on Friday approved raising the country’s minimum monthly wage by 8.0 percent in 2017 to €825.50 ($876) as demanded by the main opposition Socialists.

Finance Minister Cristobal Montoro said the rise — approved at a weekly cabinet meeting — was “negotiated with other political groups”.

The minimum wage will rise from €764.40 to €825.50, an increase of €61.10.

That is higher than the monthly minimum wage of €618 in neighboring Portugal, but far lower than the minimum wage of €1,467 in France. …

(Excerpt) Read more at thelocal.es ...


TOPICS: Business/Economy; Local News
KEYWORDS: eussr; minimumwage; socialists; spain

1 posted on 12/02/2016 9:17:47 PM PST by Olog-hai
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To: Olog-hai
to €825.50 ($876)

Assuming the standard 2080 hour year, that would be $5.05 per hour.

2 posted on 12/02/2016 9:34:07 PM PST by KarlInOhio (" T'was the witch of November come stealin' " And who could the stealing Witch of November be? Hmm?)
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To: Olog-hai

I read it as $876@month. Ow.


3 posted on 12/02/2016 10:46:35 PM PST by W. (Practice does NOT make perfect, only perfect practice makes perfect pistolcraft!)
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To: Olog-hai

Spain has chronic unemployment rates approaching 20% and youth unemployment rates of 50%. What do the Spanish do....double down on stupidity. Whatever one things of the Social-Democrats in Germany at least they wised up and implemented major labor market reforms when they were in power.


4 posted on 12/03/2016 2:30:54 AM PST by C19fan
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To: Olog-hai

With Eurocrats like this, who needs ISIS?


5 posted on 12/03/2016 2:58:15 AM PST by mewzilla (I'll vote for the first guy who promises to mail in his SOTU addresses.)
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To: Olog-hai

That’s just the ticket for an economy at the brink of collapse!


6 posted on 12/03/2016 6:32:26 AM PST by Gay State Conservative (Deplorables' Lives Matter)
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