Government approved wages
The old minimum salary was not €706.. but 17% higher. Companies have to pay €5 per day for food and another €1 per day for transportation that goes to the worker and then another 33% for taxes, Social Security and Unemployment insurance it usually added up to almost €1000. Then pay 14 months for 11 worked.
The Federal minimum salary in the US is $7.25 GROSS.. not net like in Portugal.. and no free SNS and no 14 months and 1 month vacation. We raise the minimum salary 7% .. well suppliers prices with go up 10% … and ours 10% to break even.. yes I do have a business in the Algarve and yes my employees (7) do get about 2xs the minimum salary.. but 50% is in commissions and bonuses.. which most people do not want… most want guaranteed salaries.. well-guaranteed salaries are in the PUBLIC SECTOR..
NAME AND ADDRESS WITHHELD
An interesting piece. It shows how the media and governments (read socialists) spin things to make it look as though workers are getting a raw deal. From the look of it, who would actually want to be an employer these days, it seems rather lop sided?
By Ian from Beiras on 02 Jan 2023, 09:12