Tag: minimum wage

2021 minimum wage hike in Spain: Questions and Answers

8 September, 2021 · Spain

The general secretaries of CCOO, UGT (unions), CEOE and CEPYME (employers' associations) meet with the labor minister to discuss the rise of the SMI 2021.
The general secretaries of CCOO, UGT (unions), CEOE and CEPYME (employers' associations) meet with the labor minister to discuss the rise of the SMI 2021.

In an interview on TVE this Monday, Spanish Economy Minister Nadia Calviño guaranteed that the minimum wage increase in 2021 will be approved this October and will not have retroactive effects. Yesterday, Tuesday, newspapers opened with the angry complaints of the doctrinaire petty bourgeoisie who, together with the employers’ association flatly refuse any rise in the lowest wages given the lower profitability of their own capital. Meanwhile, the labor minister promised that she would “bring employers and unions together” during September. What lies beneath the fuss, and what real impact will it have on wages?

Reduction of working hours and minimum wage rising in US

2 July, 2021 · USA

Workers at Amazon
Workers at Amazon

The increase in the minimum wage in both Amazon and Target was accompanied by the reduction of working hours as well as the elimination of both health insurance and bonuses…which meant that workers’ real hourly earnings were actually reduced despite the wage hike. And it’s even worse. In the U.S. economy as a whole, inflation has already eaten into wage growth. And what is coming with the Green Deal is more of the same.