Spain govt to hike minimum wage by 8%

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Spain govt to hike minimum wage by 8%
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Spain’s government unveiled Tuesday an 8.0 percent rise in the minimum wage, despite the opposition of employer groups, in a context of high inflation and a key election year.

MADRID, Spain —

Spain traditionally makes salary payments in 14 monthly payments per year, with the extra paychecks typically paid in July and December. Talks on raising the minimum wage were boycotted by employers groups on grounds their concerns were not being taken into account. Inflation stood at 5.8 percent in January, after peaking at 10.8 percent in July, the highest level in 38 years.

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