If we look at the ranking of the national minimum wage that … By. THE Spanish Government has officially approved the decree that includes the increase in the minimum wage (SMI) to €950 euros, an increase of 5.5% from 2019. Centro de Investigaciones Sociológicas. Wed 3 Jun 2020 07.26 EDT Last modified on Wed 1 Jul 2020 12.19 EDT. Spain's minimum wage rate is €764.40 per month in 12 payments,€655.20 per month in 14 payments,applicable to all workers. The following list provides information relating to the (gross) minimum wages (before tax & social charges) of in the European Union member states. (May 19, 2020). Spain's new government on Wednesday announced a 5.5% rise in the minimum wage retroactive to Jan. 1, the third major economic initiative the left … Spain has a population of about 46 million people. Minimum wage in Spain is officially increased to €950 per month. Spain's new Socialist government under Pedro Sanchez raised minimum wage for the 2020 by 5.5%. After the trade unions and employers have reached an agreement this week, Spain minimum wage will rise 4% to 736 euros, paid 14 times a year. Isha Sesay - 4 February 2020 @ 15:37. Most of EU countries minimum wages … Minimum wage in Spain, December, 2020: For that indicator, we provide data for Spain from January 1999 to December 2020.The average value for Spain during that period was 702.96 currency units with a minimum of 485.71 currency units in January 1999 and a maximum of 1108.33 currency units in July 2020. Spain's minimum wage was last changed in 1-Jan-2016. Public opinion on granting minimum wages as a result of the coronavirus crisis in Spain as of May 2020 … Most countries have a nation-wide minimum wage that all workers must be paid. 0. Credit: Expatica. Furthermore, many states have enacted or proposed legislation to gradually increase the minimum wage by increments over the next several years to reach a specific wage. However, the states have the power to increase the federal minimum wage as 29 of them did. The plan to install a basic income was a pre-electoral promise, but it was accelerated due to the coronavirus pandemic and its economic fallout. Since June 2020, the national minimum wage in Spain remained fixed at 1,108.3 € per month, that is 13,300 euros per year, taking into account 12 payments per year.. There will also be increases of 20% in the next few years, taking the monthly amount to 850 euros in 2020, when Mariano Rajoy’s term in office ends. The new rate which came into effect from January 1, 2020 increased to €1,108 euros from last year's €59.8 euros. Accordingly the national minimum wage has remained stable, while the CPI of 2020 which was 0.8%, so workers have lost purchasing power in the last year.. 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