Lydia Shouleva: Probably the minimum wage will increase by about 5-7%

Лидия Шулева: Вероятно минималната заплата ще се увеличи с около 5-7%

Photo: Bloomberg

The increase in the minimum wage is unlikely to be in the amount in which the unions want. But it is likely to increase by about 5-7% next year. This was said to BNR by Lydia Shouleva, former Deputy Prime Minister and Minister of Economy and Labor and Social Policy (2001-2005).

She stated that in all cases next year there will be an increase in the minimum wage. Shuleva reminded that there is still no clear mechanism for determining the minimum wage in Bulgaria and its amount is usually determined after disputes between trade unions and employers.

The comment is on the occasion of the announcement of the caretaker Minister of Labor and Social Policy Galab Donev that his department is making estimates for different options for increase of the minimum wage next year. He pointed out that the jump from BGN 650 to BGN 760, as requested by CITUB, is too high and is not tied to the other components that determine the minimum wage, but did not rule out that such an option is being worked on.

Lydia Shouleva pointed out that the arguments of the employers against the increase of the minimum wage will be related to the effects of the pandemic on the business, the lag with the vaccination, the shock rise in the price of electricity.

According to her, business circles will point out that “a number of industries in the economy are severely affected by the pandemic and many businesses need to be closed. Bulgarians stubbornly refuse to be vaccinated. That’s why many employees go to long hospitals. And employers are forced to close certain types of activities, which has a negative impact on business. “

” If we add the big energy shock, the increase in the minimum wage will have a negative effect on employment and this must be taken into account, “said Shuleva.

In this sense, higher minimum wages, combined with all this, will lead to a contraction in employment. A balance must be sought between ensuring that people have the opportunity to meet higher prices and keep their jobs, the guest believes.

Since prices in our country are approaching European levels, wages will also have to grow. Of course, the pace is different. However, a number of factors must be taken into account that hinder the equalization of salaries in the EU, the expert commented.

Lydia Shouleva also commented on business aid due to high electricity prices.

“There will be delays in payments due to the need for a functioning parliament. But businesses may reflect these amounts in their forecasts as conditionally guaranteed, and this will have less of an impact on the prices of the goods they produce. “.

Regarding the current political situation, she said that Bulgarians should stop waiting for a messiah to come and improve the situation in the country.

“This prevents us from realizing our own responsibility. And that is to go to the polls, cast our vote for the party we have elected, and give the opportunity to create legitimate majorities. to take responsibility for governing the country. It all depends on us, “said Lydia Shouleva.

Note: This article has been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here

Related Posts
Economía de América Latina crecería un 2,4 % en 2022, dice el FMI thumbnail

Economía de América Latina crecería un 2,4 % en 2022, dice el FMI

Para la economía internacional, el año 2022 arranca en unas condiciones más débiles de lo esperado.Archivo particular POR: enero 25 de 2022 - 10:56 a. m. 2022-01-25 2022-01-25 América Latina sería la región que menos crecería en el mundo en 2022, de acuerdo con las nuevas estimaciones del Fondo Monetario Internacional (FMI) publicadas este martes.En concreto,…
Read More
Insurance giant Cigna fined $3.5m over false claims to customers thumbnail

Insurance giant Cigna fined $3.5m over false claims to customers

Navigation for News Categories File photo. Photo: RNZ / Rebekah Parsons-King Life insurer Cigna has been fined $3.5 million by the Wellington High Court for making false and misleading representations about customers' insurance premiums and cover. The fine was the largest penalty imposed under the Financial Markets Conduct Act since it came into effect. Cigna
Read More
Rengeteg esetben omikron-fertőzés lehet az influenzaszerű tünet thumbnail

Rengeteg esetben omikron-fertőzés lehet az influenzaszerű tünet

Hangsúlyozták, a koronavírus okozta fertőzés tünetei klinikailag nem különíthetők el az influenzaszerű tünetegyüttestől, különösen az ötödik hullámot okozó omikron variáns okozta fertőzésnél.     A virológiai adatok egyértelműen azt mutatják, hogy az influenzaszerű tünetekkel orvoshoz forduló betegek egy jelentős részénél koronavírus-fertőzés áll a tünetek hátterében - írták.     Közleményük szerint a 3. héten 16 közigazgatási területen emelkedett, kettőben…
Read More
Wormhole Plugs $320 Million Gap Following Hack thumbnail

Wormhole Plugs $320 Million Gap Following Hack

Reading Time: 2 minutesWormhole has plugged the $320 million gap left by this week’s hack The Ethereum-Solana bridge has added 120,000 ETH to its coffers to cover the shortfall Some have claimed that Wormhole developers posted about the exploit on GitHub prior to the hack Wormhole has plugged the $320 million gap left by the…
Read More
‎Foods Gate issues prospectus to float 420,000 shares on Nomu thumbnail

‎Foods Gate issues prospectus to float 420,000 shares on Nomu

Logo of Foods Gate Trading Co. Foods Gate Trading Co. issued today, Jan. 30, the prospectus to list 420,000 shares on Tadawul's Nomu-Parallel Market. The offer shares represent 20% of the company’s total SAR 21 million capital. The Capital Market Authority (CMA) approved, on Nov. 14, 2022, the application submitted by the company to register
Read More
Inflation is the Biggest Single Concern of Small Business Owners Right Now, NFIB Survey Finds thumbnail

Inflation is the Biggest Single Concern of Small Business Owners Right Now, NFIB Survey Finds

Small business owners have cited inflation as the biggest issue they face while running their business, according to research conducted by the National Federation of Independent Business (NFIB).The NFIB Small Business Optimism Index for December revealed confidence increasing modestly despite the growing concerns about inflation, with the optimism Index rising by just half a percent.…
Read More
Index Of News
Total
0
Share