Gov’t readies proposal to raise minimum wage to 24 thousand ALL

The government seems to have found consensus with stakeholders, including the IMF, to increase the minimum wage in Albania.

Sources from the Ministry of Finance claim that the minimum wage will increase by 2 thousand ALL, going up from 22 thousand to 24 thousand. The initiative of the executive is expected to be made public in early May.

The National Labor Council was involved in discussions in late February regarding the level of the increase of the minimum wage, but it did not take any concrete decision.

Businesses seem to have found now common ground, accepting the raise of the minimum wage for most sectors, while the Confederation of Trade Unions of Albania, on the other hand, had opposed the proposals of the business community, claiming that they were not based in any economic logic.

At that time, the National Labor Council took no decision, since the Finance Ministry was expected to consult with the International Monetary Fund and other interest groups.

But now these difficulties have been overcome, and the government has prepared a proposal that is slated to increase the minimum wage in the country.

Changing the level of the minimum wage affects about 200 thousand employees, mainly in manufacturing and processing industries, tourism, etc.

A minimum wage is the lowest remuneration that employers must legally pay their workers. Equivalently, it is the price floor below which workers may not sell their labor.

Although minimum wage laws are in effect in many jurisdictions, differences of opinion exist about the benefits and drawbacks of a minimum wage.

SCAN

*Material i përgatitur nga portali SCAN. Ripublikimi mund të bëhet vetëm kundrejt citimit të autorësisë dhe burimit origjinal.