In the “club” of European Union countries where the minimum wage It exceeds 1,000 euros on a 12 -month basis Greece belongs, as certified by its latest aggregate elements Eurostatwhere the “jump” is also reflected in the nominal fees over the last six years.
After the minimum wage increased in April for the fifth time since 2022, rose to 1,027 euros On a 12 -month basis, that is, by incorporating the two gifts into the twelve regular salaries of the year, which is the standard way of calculating Eurostat.
Greece now belongs to the group of countries with a minimum remuneration of between 1,000 and 1,500 euros, overtaking three countries in relation to the previous measurement, Portugal, Cyprus and Croatia.
In the same category as Greece one more countries include Spain, including Spain, which is the fourth largest EU economy, and Poland, which ranks a sixth of GDP among the 27 Member States.
Thus, Greece has graduated from the group of countries with a basic salary of less than 1,000 euros per month, where nine of the 22 EU Member States are now ranked. Bulgaria is 551 euros per month.
It is noted that In 2019 the minimum wage was at 758 euros on a 12 -month basisThat is, it has since increased by EUR 269 per month, ie 35.5%. This translates to a rise of 3,328 euros each year, equivalent to more than four basic salaries of 2019.
Considering the introduction of 9% in 2019 for 9% for income up to 10,000 euros and the cumulative reduction in insurance contributions by 5.4 percentage points over the last six years, successive increases in minimum wages have exceeded the losses of purchasing power. They have thus contributed to the increase in real income available for low -earning workers, which are the most vulnerable.