Index – Economy – It is doubtful that the minimum wage will be raised next year



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In the current precarious situation, employers do not see a realistic possibility of increasing wages as of January 1. Ferenc Rolek, vice president of the National Association of Employers and Manufacturers, told the MTI that it is proposed that the negotiations be postponed to a later date when they see more of the 2021 process. He noted that the 2020 wage deal, which saw an increase of 8 percent percent on the minimum wage and a guaranteed minimum wage, was based on the fact that inflation, productivity, and reduced employer contributions would be the source of the wage increase from the source side. By comparison, this year’s economic data shows that this 8 percent wage increase had no origin because, although the social contribution tax fell 2 percentage points and inflation fell 3 percentage points, the productivity index fell 5 percentage points.

Imre Palkovics, president of the National Association of Workers ‘Councils, as a representative from the employees’ side, told the telegraph office that a salary increase of around 10 percent was proposed, taking into account the increase in average earnings and inflation in recent years. However, he said, signaling to employers that they were willing to compromise due to the economic impact of the coronavirus epidemic.



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