{"id":6195,"date":"2022-09-13T13:50:12","date_gmt":"2022-09-13T11:50:12","guid":{"rendered":"http:\/\/weekly.uhm.org.mt\/?post_type=article&p=6195"},"modified":"2022-09-13T13:53:16","modified_gmt":"2022-09-13T11:53:16","slug":"il-valur-tal-paga-minima-fmalta-jonqos-b5-1","status":"publish","type":"article","link":"http:\/\/weekly.uhm.org.mt\/en\/article\/il-valur-tal-paga-minima-fmalta-jonqos-b5-1\/","title":{"rendered":"Value of minimum wage in Malta falls by 5.1%"},"content":{"rendered":"\n
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The sharp rise in the cost of living has significantly impacted Malta\u2019s minimum wage earners whose value has fallen by 5.1%. This worrying trend emerged from an analysis carried out by ETUC (European Trade Union Council) on the strength of the Eurofound data.<\/p>\n\n\n\n

It transpires that between the second quarter (April-June) of 2021 to the corresponding period of this year the real value of statutory minimum wages across Europe has fallen by 4.8%. The worst hit were employees in Latvia with a 19.2% drop while the least impact was registered in France where the real value of minimum wage dropped by just 0.6%.<\/p>\n\n\n\n

Though statutory minimum wages have risen by an average of 7,6% over the last year in the 21 EU countries which have one, this rise was eclipsed by the rate of inflation which increased by an average of 12,4%. Hence, there was a net loss in real value across the board in all but three of the countries having a minimum wage.<\/p>\n\n\n\n

It is only the second time since 2000 that growth in real minimum wages has fallen below zero and this cut is considerably higher – at the height of austerity in 2012, real minimum wages growth was -0,7%.<\/p>\n\n\n\n

Real statutory minimum wages have fallen most dramatically since last summer in Latvia (-19%), Czechia and Estonia (-10%), and Slovakia (-8%).  <\/p>\n\n\n\n

These developments have severely worsened the conditions of minimum wage workers across Europe, who were too often already unable to make end meet. Already before the start of the cost-of-living crisis, almost one worker in ten in the EU27 was at risk of poverty and 7 out of 10 minimum wage workers reported difficulty in making ends meet.<\/p>\n\n\n\n

Country<\/strong><\/strong><\/td>Minimum wage growth %<\/strong><\/strong><\/td>Inflation %<\/strong><\/strong><\/td>Change to real wage %<\/strong><\/strong><\/td><\/tr>
Latvia<\/td>0<\/td>19,2<\/td>-19,2<\/td><\/tr>
Czechia<\/td>6,5<\/td>16,6<\/td>-10<\/td><\/tr>
Estonia<\/td>11,9<\/td>22<\/td>-10<\/td><\/tr>
Slovakia<\/td>3,6<\/td>12,6<\/td>-8,9<\/td><\/tr>
Lithuania<\/td>13,7<\/td>20,5<\/td>-6,7<\/td><\/tr>
Poland<\/td>7,5<\/td>14,2<\/td>-6,7<\/td><\/tr>
Ireland<\/td>2,9<\/td>9,6<\/td>-6,6<\/td><\/tr>
Netherlands<\/td>3,2<\/td>9,9<\/td>-6,6<\/td><\/tr>
Slovenia<\/td>4,9<\/td>10,8<\/td>-5,8<\/td><\/tr>
Bulgaria<\/td>9,2<\/td>14,8<\/td>-5,5<\/td><\/tr>
Luxembourg<\/td>5,0<\/td>10,3<\/td>-5,2<\/td><\/tr>
Malta<\/td>0,9<\/td>6,1<\/td>-5,1<\/td><\/tr>
Spain<\/td>5,2<\/td>10<\/td>-4,7<\/td><\/tr>
Portugal<\/td>6,0<\/td>9<\/td>-2,9<\/td><\/tr>
Romania<\/td>10,8<\/td>13<\/td>-2,1<\/td><\/tr>
Greece<\/td>9,6<\/td>11,6<\/td>-1,9<\/td><\/tr>
Croatia<\/td>10,2<\/td>12,1<\/td>-1,8<\/td><\/tr>
France<\/td>5,8<\/td>6,5<\/td>-0,6<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

The analysis of Eurostat data by the ETUC was published ahead of the final vote on the directive on adequate minimum wages in the EU in the European Parliament.<\/p>\n\n\n\n

It added that the cost-of-living crisis has made the directive even more necessary while remarking that  Member States should not wait two year until transposing the directive.<\/p>\n\n\n\n

The Directive will mean that:<\/p>\n\n\n\n

  • Members states will have to verify the adequacy of statutory minimum wages taking into account purchasing power and the cost of living;<\/li>
  • A duty on member states to promote collective bargaining and combat union busting and on countries with collective bargaining coverage below 80% to produce an action plan to support collective bargaining;<\/li>
  • The strengthening of the involvement of trade unions in the setting and updating of statutory minimum wages;<\/li>
  • A requirement for companies receiving public procurement contracts to respect the right to organise and collective bargaining in line with ILO Conventions 87 and 98.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"

    The sharp rise in the cost of living has significantly impacted Malta\u2019s minimum wage earners whose value has fallen by 5.1%. This worrying trend emerged from an analysis carried out […]<\/p>\n","protected":false},"author":9,"featured_media":5097,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"_mi_skip_tracking":false,"spay_email":""},"issuem_issue":[288],"issuem_issue_categories":[9],"issuem_issue_tags":[],"translation":{"provider":"WPGlobus","version":"2.8.8","language":"en","enabled_languages":["mt","en"],"languages":{"mt":{"title":true,"content":true,"excerpt":false},"en":{"title":true,"content":true,"excerpt":false}}},"_links":{"self":[{"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/article\/6195"}],"collection":[{"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/article"}],"about":[{"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/types\/article"}],"author":[{"embeddable":true,"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/comments?post=6195"}],"version-history":[{"count":2,"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/article\/6195\/revisions"}],"predecessor-version":[{"id":6197,"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/article\/6195\/revisions\/6197"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/media\/5097"}],"wp:attachment":[{"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/media?parent=6195"}],"wp:term":[{"taxonomy":"issuem_issue","embeddable":true,"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/issuem_issue?post=6195"},{"taxonomy":"issuem_issue_categories","embeddable":true,"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/issuem_issue_categories?post=6195"},{"taxonomy":"issuem_issue_tags","embeddable":true,"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/issuem_issue_tags?post=6195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}