The minimum wage will rise by 5.3% in 2027, to 1,286 euros per month

The minimum wage in Spain will increase by 5.3% in 2027, reaching 1,286 euros per month. This decision, announced by the Ministry of Labor, reflects a rise of 65 euros compared to the current wage. The increase exceeds the experts' recommendation of a 4.9% hike. The government aims to finalize this adjustment before the upcoming elections, despite lacking formal agreement from labor unions and employer organizations. The unions demand a 7% increase, citing unmet previous commitments from the government. The proposed wage increase is intended to enhance purchasing power and reduce poverty, particularly benefiting women in low-wage sectors. Since 2018, the minimum wage has risen by 74%.