12 Jan, 2024 @ 12:13
1 min read

Spain to raise the national minimum wage by 4.5% in 2024: This will be the new monthly salary for millions of workers

THE national minimum wage in Spain is being raised by 4.5% in 2024, it was announced today. 

Spain now has its highest ever minimum wage. Photo: Mathieu Stern on Unsplash

The Ministry of Labour and trade unions agreed the new rate this Friday, January 12. 

However, the 4.5% rise is some 0.5% below the trade union’s target of 5%. 

The national minimum wage will now see full time workers paid €1134 a month. 

A €54 rise, it will affect some two million workers from January this year. 

Businesses also participated in the talks, although they pushed for a 3% minimum age increase, with an extra 1% to reflect inflation. 

They have also demanded the government create laws to help businesses manage the increase in wages from public contracts.  

Although trade unions also shared this demand, the Ministry of Finance has rejected this condition. 

The agreement puts an end to months of negotiations, which began when Yolanda Diaz, Minister of Labour and Social Economy, proposed wages must rise to reflect inflation.

Yzabelle Bostyn

Yzabelle Bostyn is an NCTJ trained journalist who started her journalistic career at the Olive Press in 2023.
Before moving to Spain, she studied for a BA in English Literature and Hispanic Studies at the University of Sheffield.
After graduating she moved to the university’s journalism department, one of the best in the UK.
Throughout the past few years, she has taken on many roles including social media marketing, copywriting and radio presenting.
She then took a year out to travel Latin America, scaling volcanoes in Guatemala and swimming with sharks in Belize.
Then, she came to the Olive Press last year where she has honed her travel writing skills and reported on many fantastic experiences such as the Al Andalus luxury train.
She has also undertaken many investigations, looking into complex issues like Spain’s rental crisis and rising cancer rates.
Always willing to help, she has exposed many frauds and scams, working alongside victims to achieve justice.
She is most proud of her work on Nolotil, a drug linked to the deaths of many Brits in Spain.
A campaign launched by Yzabelle has received considerable support and her coverage has been by the UK and Spanish media alike.
Her writing has featured on many UK news outlets from the Sun to the Mail Online, who contracted her to report for them in Tenerife on growing tourism issues.
Recently, she has appeared on Times Radio covering deadly flooding in Valencia.

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