Spain’s Government Will Increase Minimum Wage by Another 5%

Spain will raise the mandatory monthly minimum monthly wage to €1,134 ($1,244), taking total increases since Pedro Sanchez became prime minister five-and-a-half years ago to more than 50%.

The gross minimum monthly salary for 2024 will be raised by 5% from the previous €1,260 the previous year, the government said Friday. Or €1,080 when the salary is split into 12 monthly payments and two bonuses.

For Sanchez and his Socialist party, the wage hike offers an easy political win as he goes into his new four-year term with the weakest parliamentary base of any leader in 46 years of Spanish ...