Minimum wage refers to the lowest legal hourly pay that employers must provide to their employees. It is established by law or regulation to ensure that workers receive a baseline level of income for their labor. The purpose of minimum wage laws is to protect workers from exploitation and to help alleviate poverty by providing a standard of living that is deemed acceptable. Minimum wages vary by country and can differ between regions or industries within a country. In some places, minimum wage rates are adjusted periodically to account for inflation and changes in the cost of living.
The minimum wage in Spain will increase by 4.4% to €1,184 per month starting in 2025. This raise aims to combat inequality and working poverty, building on a 61% increase…