Cost of Living

Inflation increase could halve the real gains of the minimum wage hike

The national minimum wage is set to rise from 920 to 970 euros in 2027. However, after accounting for Social Security contributions and a projected 2.3% inflation rate, the real net gain for a worker is estimated to be approximately 25 euros, effectively halving the nominal 50-euro gross increase.

Why it matters

If you earn the minimum wage, your purchasing power will increase less than the headline 50-euro gross hike suggests once inflation and social security contributions are factored in.

SIC Notícias· 3w agoRead original ↗

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Cost of Living

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The Minister of Labour, Solidarity and Social Security reaffirmed that the government intends to honor the existing agreement with social partners to increase the national minimum wage by 50 euros in 2027, reaching 970 euros. While some unions argue for a higher increase due to the cost of living and inflation, the minister stated that no new agreement has been reached to change the current plan, which represents a total 34% increase in the minimum wage over the legislative term.

Correio da Manhã· 1w agoRead original ↗

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Diário de Notícias· 6d agoRead original ↗

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