Econostrum | Economic News in the Mediterranean

Minimum wage boost in France and Spain

Written by Gérard Tur on Tuesday, September 21st 2021 à 16:10 | Read 349 times

Spain is catching up on its minimum wage. Photo GT.
Spain is catching up on its minimum wage. Photo GT.
FRANCE/SPAIN. France and Spain are giving a boost to the minimum wage. On 1 October, the gross monthly minimum wage will rise to €1,589 in France and to €1,125 in Spain (retroactive to 1 September).
While in France this is simply a matter of keeping up with inflation, Spain is catching up with European levels. Revalorizations follow one another: +22% in 2019, +5.5% in 2020. The government is committed to continuing this strategy in 2022 and 2023 to achieve a 60% increase over five years.
The minimum wage is €775 in Portugal, €650 in Greece and €563 in Croatia. It does not exist in Italy or Cyprus. To the east of the Mediterranean, the minimum wage is €1,364 in Israel and €392 in Turkey.


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