Spain: Minimum Wage Standard Remains Unchanged for 2014

Spain: Minimum Wage Standard Remains Unchanged for 2014. Find the best immigration news on the Worldway Investment Immigration official website.

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Follow Spain immigration and stay updated on life in Spain: The Spanish central government has frozen the public subsidy standard, and the amount of government subsidies will not be adjusted in the short term. The government is considering freezing the minimum wage standard in Spain for 2014 as well.

 

Spain: Minimum Wage Standard Remains Unchanged for 2014

 

The minimum wage standard is generally decided at the end of the year. The government determines the minimum wage for the following year based on the price index and consumer index, while also incorporating the opinions of labor unions and major enterprises.

Currently, the Spanish government has not made a definitive statement on whether the 2014 minimum wage standard will be frozen, but all indications suggest that the minimum wage standard for 2014 will not change. In other words, the minimum wage remains at 21.51 euros per hour and 645.3 euros per month.

This minimum standard has not been modified since the outbreak of the economic crisis in 2008. Based on the actual economic situation, the government could potentially lower the minimum wage standard. However, considering the actual cost of living, the government has not made any modifications.

What has been confirmed as frozen is the public subsidy standard, which serves as the reference for government scholarships, subsidies, unemployment benefits, and other payments. Currently, this standard is 532.51 euros, which amounts to 6,390.13 euros per year when paid in 12 installments, or 7,455.14 euros when paid in 14 installments. Specifically, the government uses this figure as the standard for unemployment benefits, disability subsidies, and other government policy-related subsidies.


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