116,700 working people in Castilla y León benefit from the 5% increase in SMI

08/02/2024

• It represents an increase to 1,134 euros in 14 payments for 2,466,000 working people • Together, practically half of the working people who receive the SMI in Spain • The data correspond to the estimate made by the Ministry of Labour and Social Economy • Around one in five workers in Andalusia, Murcia, Extremadura and the Canary Islands receive this remuneration • More than half of the people who receive this remuneration are women: 64.6% of the total • The increase benefits, especially, to those under 25 years • Almost one in three people who work receive the increase in agriculture

February 8, 2024.- The Ministry of Labor and Social Economy has prepared an estimate of the territorial, sectoral, gender and age distribution of the beneficiaries who will receive the increase approved in the Council of Ministers on Tuesday, February 6, of the Minimum Interprofessional Wage (SMI) for 2024.

This increase will increase payrolls to 1,134 euros per month in 14 payouts and, according to this calculation, involves about 2,466,000 working people.

The information has been obtained from the microdata analysis of the Active Population Survey (EPA) of 2022 with salaries of the main job.

After adjusting the salary increases of 2023, the data of beneficiaries with salary benefits, in the terms described, lower than the SMI agreed with the trade union organizations for 2024 are offered.

SMI by autonomous communities

Andalusia (510,500), Community of Madrid (387,300), Valencian Community (306,400) and Catalonia (300,100) are the communities that group around half of the beneficiaries.

In percentage terms, the increase in the SMI will benefit 14.4% of salaried people. Extremadura (21.7%), the Canary Islands (21.5%) and Murcia, with 20.1% of salaried people exceeding the average number of working people receiving the SMI.