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Tables. 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 Raises the Minimum Wage - February 3, 2020 Spain's new Socialist government under Pedro Sanchez raised minimum wage for the 2020 by 5.5% The new rate which came into effect from January 1, 2020 increased to €1,108 euros from last year's €59.8 euros. Tensions are mounting amongst Spain’s coalition government team over plans to increase the minimum wage in the New Year.The Labour Ministry’s Yolanda Diaz revealed a split in the ranks as her department looks to increase minimum salaries from the current €950 a month.After discussions with b In 2020, out of the 27 EU Member States, not all of them have a minimum wage. On 5 February, Royal Decree 231/2020, of 4 February, was published in the Official State Gazette (BOE). Minimum Wage Calculator , provided by the CCOO, one of the biggest unions in Spain, taking into account any extray payments due to working shifts, extra hours, part time work etc. And this won’t happen until 2020 when the SMI gets to 11.900 euros, which would still just be 51.5% of the average wage. The yearly minimum wage of 12600 euros is arrived at by multiplying monthly wage by 14. This royal decree establishes the interprofessional minimum wage for 2020. Spain Consumer Morale Pulls Back in January, Spain Services Sector Shrinks More than Expected, Spain Tourist Arrivals Fall 84.9% in December, Spain Unemployment Rises the Most in 9 Months, Spain Factory Activity Back to Contraction, Spain Retail Sales Fall the Least in 10 Months, Spain Current Account Surplus Little Changed, Spain Consumer Prices Rise for 1st Time in 11 Months, Oil Hits 1-Year High, Books Best Week Since October, S&P 500 Books New Record Despite Weak Employment, US Consumer Credit Grows Below Expectations, Seychelles January Inflation Rate Highest since 2012, South African Stocks End Higher on Friday. Minimum wage in Spain, December, 2020 For that indicator, we provide data for Spain from January 1999 to December 2020. Spain's Minimum Wage is the lowest amount a worker can be legally paid for his work. Salaries vary drastically among different job categories. The minimum wage, the lowest hourly amount that an employee may be paid for their labor, is determined by both state and Federal labor laws in the United States.Under the Federal Fair Labor Standards Act, states and localities are permitted to set their own minimum wage rates, which will take precedence over the Federal minimum wage rate if they are higher. Spain is at the bottom in terms of the proportion the minimum wage represents of the average wage. Minimum wages … This report, as part of an annual series on minimum wages, summarises the key developments during 2019 and early 2020 around the EU initiative on fair wages and puts the national debates on setting the rates for 2020 and beyond in this context. Most of Portugal's employers' confederations advocate raising the national minimum wage to € 625 gross by 2020, a figure which for the UGT is "low". Denmark, Italy, Cyprus, Austria, Finland and Sweden remain without the minimum wage. Historical data on low and high skilled wages on Take-profit.org. Minimum wages in the EU Member States ranged from EUR 312 to EUR 2 142 per month in July 2020. Advanced 2020/21 Survey. Save my name and email in this browser for the next time I comment. 5,200: 8,525. 1. About us; Mayor of Europe; Growth; Smart city; Society ; Interviews; Get involved; GA Economy See all. This report, as part of an annual series on minimum wages, summarises the key developments during 2019 and early 2020 around the EU initiative on fair wages and puts the national debates on setting the rates for 2020 and beyond in this context. The government's move is part of a plan to boost the net minimum wage to 60% of the average monthly pay packet of 1,944 euros ($2,154.92) by the end of its four-year term. 29 June 2020 Just under two million jobs benefit from minimum wage increase in 2019. 1108,33/month at 12 payments/year. 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