The government has announced that the minimum wage level in Spain will be frozen at 645 euros a month for 2014. That’s just 21,51€ a day for eight hours of work. Or, to put it another way, a minimum wage chappie will work all day to afford two G&T’s in a fancy chiringuito on the playa (but has enough for the bus home and a chupa chup to keep him busy whilst musing on the folly of spending 10€ on a watered down gin).
The IPREM -a complicated statistical table used to calculate student grants, pensions and unemployment benefits – also remains fixed at just 532.51€ a month.
However, the minimum wage for the self employed (autonomos – the table is called the RETA) has gone up to 875,70€ a month, 2%. Why? Because the self employed pay a minimum level of tax on this level, so the government will get more tax back by rising the RETA. About as cunning as being hit in the face with a kipper, but it gets the job done.
According to my salary tables, only Portugal and Greece in Western Europe have lower minimum wages than Spain. Slovenia, interestingly enough, has a higher minimum wage than Spain. Çe le vie.