Inflation forces Poland to plan raising minimum wage twice in 2024

Robert Besser
30 May 2023, 20:36 GMT+10

Plans are underway in Poland to gradually raise the minimum wage twice in 2024.
The wage plan has been announced by Family and Social Policy Minister Marlena Malag, in a bid to assist families that are suffering due to inflation.
While Polish consumers have watched as inflation has grown in recent months, inflation numbers for February were the highest in more than 25 years in Poland, reaching 18.4 percent year on year.

WARSAW, Poland: Plans are underway in Poland to gradually raise the minimum wage twice in 2024.

The wage plan has been announced by Family and Social Policy Minister Marlena Malag, in a bid to assist families that are suffering due to inflation.

While Polish consumers have watched as inflation has grown in recent months, inflation numbers for February were the highest in more than 25 years in Poland, reaching 18.4 percent year on year. In April inflation stood at 14.7%.

"The minimum wage next year will be above 4,200 zlotys ($1,015)," Malag said, as quoted by Reuters.

Similar to 2023, Poland's minimum wage will be raised in two steps in 2024 - on January 1 and July 1.

The minimum wage was raised to $826 per month on January 1, 2023 and will be lifted to $852 on July 1.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Dublin News.

More Information

12 ℃

Mostly Cloudy in Dublin

Business

Section

Nasdaq Composite drops 208 points Tuesday

NEW YORK, New York - There was a major bust on Wall Street on Tuesday as investors continued to fret ...

UAW stir hits GM, Stellantis dealers, customers with parts shortage

DETROIT, Michigan: This week, the United Auto Workers (UAW) expanded its members' strike to include dealers selling and servicing General ...

Toyota aiming for over 600,000 electric vehicles by 2025

TOKYO, Japan: Toyota Motor (7203.T) is ramping up its production of electric vehicles (EVs) under both the Toyota and luxury ...

240,000 Ford EcoSport SUVs being investigated for oil pump failures

WASHINGTON D.C.: After consumer complaints of oil pump failures, the National Highway Traffic Safety Administration's (NHTSA) Office of Defects Investigation ...

U.S. stocks make minor gains, Nasdaq Composite climbs 60 points

NEW YORK, New York - With no major news Monday, and nothing on the horizon, U.S. stocks remained little moved, ...

US Federal Reserve cutting 300 people from payroll

WASHINGTON D.C.: In a small but rare reduction to its headcount, which has grown steadily since 2010, the US Federal ...

Europe

Section