GKI: How many people are affected by the mandatory wage increases?
The February business survey of the GKI Gazdaságkutató Zrt. market researcher firm investigated the corporate effects of the minimum wage increase.
The bigger the company, the minimum wage increase affects the less employees. While in the case of businesses under 20 employees, 29 percent of the employees are on minimal wage. This number is 23 percent in the case of companies with 21-50 employees and 14 percent in case of companies with more than 250 employees. (Source: GKI)
Related news
The productivity of Hungarian companies is worse than anywhere else in the EU
According to a recent analysis by GKI Economic Research Ltd.,…
Read more >GKI analysis: Lagging exports, lagging labor productivity
The Visegrad countries are basically export-driven, open economies. This is…
Read more >GKI analysis: Don’t let anyone else do the work for you
An often-mentioned element of economic competitiveness is exportability. If a…
Read more >Related news
MBH Bank: Following January’s inflation data, we are raising our inflation forecast for this year to 4.6%
Following a 4.6% year-on-year price increase in December, consumer prices…
Read more >The high inflation in January is not a Hungarian peculiarity – this is when price increases may slow down
The effects of the price increases at the beginning of…
Read more >ESG sustainability is increasingly important for domestic SMEs
Sustainability and corporate governance (ESG: Environmental, Social, Governance) aspects are…
Read more >