Although the aim of the minimum wage increase is to catch up those with lower incomes to the average wages, it will undoubtedly affect the higher wage categories as well and move the entire wage scale up – he evaluated the 3-year wage agreement Dénes Rajmund Roland, Human Center company manager.
The minimum wage always serves as a benchmark and usually strengthens the bargaining position of workers who receive higher wages.
– emphasized Dénes Rajmund Roland, according to the company’s statement. he added: this can also lead to wage tension, since even employees with higher incomes try to maintain the previously existing distance compared to the minimum wage.
Portfolio was the first to write that next year, the minimum wage will increase by 9 percent and the guaranteed minimum wage by 7 percentbut the parties agreed not only for one but three years. We also calculated what the net minimum wage and minimum wage will be in 2025.
According to the announcement of the Human Center, in 2008, people doing intellectual work earned a little more than twice as much as people doing physical work, but this had decreased to 1.6 times by 2023. The reason why the wages of blue-collar workers grew faster is, on the one hand, due to investments, which generated excess demand on the labor market: due to the lack of professionals, the companies sucked the skilled workforce from each other, which they were able to achieve with higher and higher wages.
On the other hand, the increase in the minimum wage also contributed, as it exceeded the increase in average earnings. This intensive wage growth may continue in 2025 with the increase of the minimum wage, which will have a significant impact on the development of lower-category wages as well. According to the company, qualified and experienced manual workers can receive HUF 600-800 thousand gross.
The cover image is an illustration. Cover image source: Getty Images
Source: www.portfolio.hu
