Czech Minimum Wages to Grow Again
Czech Republic, August 21 (BD) – Today, Czech government made another step in raising the quality of life in the country. From January 1, 2018, the minimum wage will be raised by 1.200 crowns to 12.200 CZK per month. The minimum hourly rate will increase from 66 to 73.2 crowns.
“Work must pay off. Czech employees deserve a decent pay”, Bohuslav Sobotka, Prime Minister of the Czech Republic says.
One of the main programs of the Czech government is to raise the minimum pay to ensure a good life for employees with a sufficient level of motivation that will encourage them to work, rather than use social benefits.
The goal of current government was to reach a minimum wage of at least 40% of the average wage in the country. With the new raise, the minimum salary will be 40.5% of the average wage.
Coupling this with the news about one of the lowest unemployment rates and stable economic growth, raising wages is the next rational step where the Czech Republic aims to align itself with more economically developed European countries.