It would be very wrong for the minimum wage in Slovakia to fall below 40 percent of the average salary in the future, Labour Minister Ján Richter said on Wednesday, October 10.
"This ratio is of utmost importance for me, and even ministers from right-wing political groupings aimed to preserve it," said Richter, as quoted by the TASR newswire. As far as the relationship between the minimum wage and the average salary is concerned, there's no major difference between Slovakia and fellow Visegrad Four (V4) countries, he said.
One way or another, the minister expressed his ambition to boost the ratio in favour of the minimum wage rate by 1-2 percentage points during his term in office. As part of Slovakia's improved economic results in the future, it is important to raise the minimum pay in a manner whereby it will pay off to work for it [rather than collect benefits], he said. The monthly minimum wage will rise to €337.70 next year, thereby going up by €10.50 on the year, based on a government decision on October 10.
Compiled by Zuzana Vilikovská from press reports
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