Minimum wage in Serbia 30,000 dinars, 7,000 dinars less than consumer basket

In the last ten years, the minimum wage in Serbia has increased from 15,000 to 30,000 dinars, and with 350,000 workers in Serbia currently receiving the minimum salary.

Since the beginning of this year, after an 11.1% increase, the minimum wage has been 30,022 dinars. This amount has increased by 3,000 dinars compared to last year and in the previous three years, it went up by about 10%. Over the last ten years, it has doubled.

While today the minimum price of one working hour is 172.54 dinars net, in 2011, it was 95 dinars and at that time, the minimum wage was only 15,960 dinars.

Professor Darko Marinković, Director of the Centre for Industrial Relations, believes that the steady increase in the minimum wage reflects the economic stability of Serbia.

According to him, the economic growth stands at 4%, as confirmed by the World Bank, while stable finances are boosting consumption and the living standard.

Honorary president of the Union of Employers of Serbia, Nebojsa Atanackovic, believes that the growth of the minimum wage should be lower than the overall economic growth.

“The Union is committed to raising the minimum wage in real terms so as not to burden the economy,“ says Atanackovic and adds: “Over the last three years, the minimum wage has increased by 10%, or rather by a third, while the gross national product has not grown as much. The increase in wages should not exceed the required investments in economic development.”

Consumer basket and personal income

“The consumer basket in Serbia is 37,000 dinars and is therefore 7,000 dinars higher than the minimum wage, on condition that we are talking about the consumer basket for a family of four with two children and two adults of working age. The most important thing is to reduce unemployment. If there are two adults in a family of four, with two minimum wages they would certainly be able to cover the costs of the average consumer basket,” Atanackovic concludes.

(Vecernje Novosti, 11.03.2020)

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