Minimum Wage: Employers Would only Give a Raise of Less than 6 Percent Instead of 14 Percent
3 Articles
3 Articles
The minimum wage increase in 2027 could be reduced to below 6 percent instead of the previously planned 14 percent, RTL Híradó reported. The Orbán government's three-year wage agreement signed at the end of 2024 still counted on a significant increase, but the economy is performing weaker than expected and inflation has become lower than planned. Employers therefore consider a much smaller wage increase feasible. Trade unions are proposing tax c…
The economic performance is worse, inflation is lower than expected, which is why VOSZ recommends a smaller minimum wage increase.
Employers say next year's wage increase should be adjusted to the performance of the economy, as businesses' financial prospects have deteriorated. According to a survey by the Hungarian Association of Employers (VOSZ), the majority of companies would consider a minimum wage increase of no more than 6 percent acceptable, which is a significant departure from the goal set in the previous wage agreement.
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
