Minimum wage refers to the lowest hourly wage that an employer is legally permitted to pay an employee. It is set by law or regulation and is intended to ensure a basic standard of living for workers. Minimum wage laws can vary by country, region, or industry, and they aim to protect low-income workers from exploitation and to reduce poverty. The minimum wage can be adjusted periodically to account for inflation and changes in living costs. Notably, some regions may have different minimum wages based on factors such as age, occupation, or the size of the employer.
Spain raises its minimum wage by 4.4%, bringing it to €1,184 monthly, effective retroactively from January 1, 2025. The increase affects over 2.5 million workers, aiming to reduce inequality and…