September 30, 2020

These are the European countries with the highest minimum wage in 2020



In Denmark, Sweden, Finland or Austria there is no minimum wage

The minimum wage in Europe ranges between 2,142 euros in Luxembourg and 321 in Bulgaria, according to data collected by Eurostat. To know what is the interprofessional minimum wage from each place you have to attend to your specific legislation. We can check how within it European Union This figure varies radically between the two states, according to Infoempleo.

In the first places From the list of countries with the highest minimum wage we find Luxembourg (2,142 euros), Ireland (1,656 euros), Netherlands (1,635 euros), Belgium (1,593 euros), Germany (1,557 euros), United Kingdom (1,524 euros ) and France (1,521 euros).

Spain would be in the middle of the ranking of European countries after the rise for this year of the SMI to 1,108 euros (counting the 14 payments). In that intermediate level We find Malta (762 euros), Greece (758.3), Portugal (700 euros), Lithuania (555 euros) and Estonia (540 euros). Luxembourg occupies the first position with more than 2,000 euros of minimum wage, followed by Ireland (1,656 euros), Netherlands (1,635 euros), Belgium (1,593 euros), Germany (1,557 euros), United Kingdom (1,524 euros) and France ( 1,521 euros).

The citizens who least enter through SMI are those of Bulgaria (312 euros), Latvia (430 euros), Romania (466 euros), Hungary (464.2 euros), Croatia (505.9 euros), Czech Republic (519 euros), Slovakia (520 euros) and Poland (523.1 euros).

There are European countries that they have no minimum wage. This is the case in Italy or Cyprus – where precisely a debate is being initiated to introduce it – Denmark, Sweden, Finland or Austria.

Minimum Wage Fair

The European Commission has begun to move forward so that in the future all the countries that make up the European Union have an SMI (Minimum Interprofessional Salary). Since the EU has no competence in the salary issues of its citizens, they do want to ensure that each worker has an income fair. In the 22 states that make up the EU there are big differences from one country to another. Between the country where the SMI is highest and the lowest there is a difference of 1,800 euros. The European Commission does not consider a figure but there is a proposal that the SMI be at least 60 percent of the country’s average salary. Now that the Commission has launched the consultation, a process that will last several months, a step has already been taken towards that fair minimum wage.

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