Valerio says she was not "crazy" for raising the SMI after the French hike

The Minister of Labor, Magdalena Valerio, has assured today that the Government "was not so crazy" when it agreed with We can raise the minimum interprofessional salary (SMI) by 22% in 2019, to place it at 900 euros per month, after the pact closed in France.

In a day on the future of work, organized in the Economic and Social Council (CES), the minister referred to the announcement made by the president of France, Emmanuel Macron, to raise the minimum wage by 100 euros, to place it in the 1,598 euros, after the protests of the "yellow vests".

"We were not so crazy when we decided to upload it," said the minister, who has only regretted not having decided to do with "a more participatory methodology", something that had been reproached by the president of the CEOE, Antonio Garamendi, given that it is a matter that is addressed at the social dialogue table.

Also, the minister recalled that the rise of the SMI for 2019 will be approved by a royal decree before the end of the year, normally at the last Council of Ministers in December, which will benefit from entry to more than 1,340,000 employees whose salaries they are inferior to the SMI.

Valerio recalled that wages have not participated in the growth of the market, and have suffered a loss of purchasing power, since in recent years they have revalued by 5.4%, while the CPI has risen by 11.6%.

In addition, he said, corporate income has grown by 11.2%, while salaries have grown by 3.8%, so "it is time to redistribute the benefits."


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