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 Broadcast Communications.

More Information

27 ℃

Mostly Cloudy in Seletar

Business

Section

Dubai real estate market on fire, billions of dollars in transactions each week

DUBAI, UAE - The bustling real estate market in Dubai has surged to unprecedented heights, reporting transactions valued at over ...

US business optimism about China at record low: Survey

SHANGHAI, China: A survey published this week by the American Chamber of Commerce (AmCham) in Shanghai showed that political tensions ...

eVTOL maker Joby chooses Ohio for its flying taxis plant

DAYTON, Ohio: Under an agreement announced this week, Joby Aviation will produce state-of-the-art electric vertical takeoff and landing (eVTOL) aircraft ...