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Hasan Ademov: The formula for the minimum wage gives hope that it is as objective as possible

The real salary should be written in the employment contracts of the employees, the real social security contributions should be paid, because this will later matter for the pensions

The real salary should be written in the employment contracts of the employees, the real social security contributions should be paid, because this will later matter for the pensions, recommended the former Minister of Social Affairs and long-time MP Dr. Hasan Ademov.

In an interview with the Bulgarian National Radio, he commented on the new formula for determining the minimum wage and the objectivity of the indicators. According to him, it is good that the social partners have agreed on the formula - a price index from the small consumer basket, which determines purchasing power, a gross median wage, which determines the general level of total wages, a gross SRH, which determines the growth rate and gross added value per employee for the last 10 years – indicating labor productivity.

"Based on the indicators, the MLSP and partners have determined the range within the framework for negotiations and it is 620.20 euros - 672 euros, because the median salary must be determined. The NSI urgently had to calculate it. I hope that these indicators are objectively measurable by the NSI and this gives hope that this formula is as objective as possible, based on measurable indicators," explained Dr. Ademov.

He pointed out that in European countries, people on the minimum wage are about 5%, and in our country the data indicate that they are over 20% - according to unofficial data 620,000 people. And he explained that the red lines must be overcome, and for the unions this is "the cost of living and the so-called adequacy of the minimum wage. It must be based on objective criteria, which is the cost of living and average levels, whether it is the SRH for the country or the average median wage."

He recalled that the European directive gives priority to collective bargaining.