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Hristina Hristova: There should be a minimum labor price below which no employer can go

The former social minister commented on how much the minimum wage should be and why there is no consensus between unions and employers

Oct 12, 2024 06:21 43

Hristina Hristova: There should be a minimum labor price below which no employer can go  - 1

"The debate about the minimum wage in Bulgaria is big because the relative share of work is very high. Over 450,000 people receive the minimum wage. Of course, there are also voices for no minimum wage at all. I have always argued that there should be a minimum labor price below which no employer can go. But there has to be a balance to it. These income freeze proposals - I've never liked extremism either way.

This was stated to NOVA by the former social minister Hristina Hristova.

In her words, "the key word is balance". "On the basis of social dialogue, the level of wages in the country must be taken into account, the level of productivity and of course - the standard of living in the respective country must be taken into account. And so to negotiate a minimum wage. Given one goal - for it to reach 50 percent of the gross salary," she explained