Increase in the minimum wage from 1 January 2020 Cover Image

Zvýšení minimální mzdy od 1. ledna 2020
Increase in the minimum wage from 1 January 2020

Author(s): Olga Bičáková
Subject(s): Labor relations, Economic policy, Present Times (2010 - today), Public Finances, Fiscal Politics / Budgeting, Socio-Economic Research
Published by: Výzkumný ústav práce a sociálních věcí
Keywords: Increase; minimum wage; January 2020;

Summary/Abstract: The article considers an amendment to Government Regulation No. 567/2006 Coll., on the minimum wage, via which, as of 1 January 2020, the basic minimum wage was increased, along with lowest guaranteed wage levels, for a fixed weekly working time of 40 hours by CZK 1,250 to CZK 14,600. The author considers that raising the minimum wage in the Czech Republic was justified. The article points both to the need for the closer approximation of earnings in the Czech Republic to those paid in more advanced European countries and to the fact that a comparison of minimum wages paid in the other Visegrad Group countries reflects adversely on the development of this indicator in the Czech Republic.

  • Issue Year: 2020
  • Issue No: 1
  • Page Range: 32-33
  • Page Count: 2
  • Language: Czech