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Czech government to raise minimum wage once more

Friday, 19 May 2017

On Thursday, Czech Prime Minister Bohuslav Sobotka told lawmakers that Prague is planning to increase the country’s minimum wage by 11%. This would be the 6th minimum wage increase in as many years in the Czech Republic, if it is approved by the cabinet. The country boasts the lowest unemployment rate in the European Union, and such an increase is seen as a sign of its economic growth.

The increase would help Sobotka’s administration achieve the long-term goal of making the minimum wage more than 40 percent of the Czech average, which was nearly 28,000 crowns last year. About 3% of the Czech workforce, roughly 100,000 people, are paid the minimum wage. Sobotka predicted that by the middle of the year the raise would be approved.

The country has about 327,199 unemployed people. In April, Czech companies reported 159,072 job vacancies.

Source by: Internet

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