Committee floats idea to raise minimum wage to €500 in 2020

The coalition committee on tax development policy on July 15 discussed raising the minimum wage to €500, with the idea gaining conceptual support.

The committee does not make binding decisions. The political powers are to decide on the minimum wage hike in the fall.  

Meanwhile the Latvian Chamber of Commerce and Industry says raising the minimum wage might not be in good form against the businesses, seeing as the government has promised to keep taxes steady.

The Latvian Employers' Confederation likewise expressed reservations over the possible step, saying July 16 that the minimum wage must not be just a political decision, as the matter should be coordinated upon with employers and employees at the National Trilateral Cooperation Council.

The minimum wage is €555 in Lithuania, €540 in Estonia and €430 in Latvia. 

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