Yolanda Díaz pisa el acelerador para anunciar la subida del salario mínimo de 2027 antes de las elecciones

Yolanda Díaz has set the accelerator to announce a raise in the minimum wage for 2027 ahead of the elections. The Ministry of Labour has convened a committee of experts to establish a benchmark for the recommended increase by next year. Recent wage hikes have been made throughout the year and retroactively. The election timetable is hastening the legislative agenda of the government.

After the housing decrees, the Ministry of Labour is now pushing forward to set the new interprofessional minimum wage (SMI) for 2027. Although it was confirmed recently that a commission of experts will be called to recommend the revaluation band, the Yolanda Díaz's department has not hinted at the urgency of finalizing these tasks.

Consequently, the Labour Ministry will convene the Advisory Committee for the Analysis of the SMI to start drafting its report. With the pace of things, the recommendation of the SMI raise could be ready before the general elections on November 29th. The government, which is part of a coalition, is set to approve the retroactive real decree of revaluation already this year.

Thus, it is most probable that the level of the government's planned increase will be known, though its approval may hinge on the electoral outcome, as the increase is solely the prerogative of the Executive and does not require validation by Congress. The current minimum wage sits at 1,221 euros per month in fourteen installments.

According to the latest expert commission recommendations, the increase in this income that around 2.5 million workers receive in Spain tends to rise slightly above the consumer price index (IPC), which is the minimum revaluation to ensure the maintenance of purchasing power. Additionally, it aims to align the increase with 60% of the average salary.

With the latest projections, the minimum increase to offset inflation in workers' pockets should hover around 3.6% - the annual IPC forecast from the Bank of Spain. This would place the minimum wage in the range of 1,265 euros monthly. Since 2018, the trajectory of the interprofessional minimum wage has followed a continuous upward trend.

During this period, the basic remuneration has surged by 66%, jumping from 735.90 euros per month (in fourteen installments) to the 1,221 euros fixed for 2026. This surge began with the historic leap of 22.3% in 2019, which raised the foundational wage to 900 euros, and has been sustained exercise after exercise with continued revisions: 950 euros in 2020; 965 euros in 2021; the 1,000 euros mark in 2022; 1,080 euros in 2023; 1,134 euros in 2024, and the 1,184 euros reached in 2025.

This cascade of raises reflects the executive's commitment to fulfill the demands of the European Social Charter and safeguard the SMI at 60% of Spain's average salary. However, this criterion directly conflicts with the position of the employers' association. The CEOE argues that this goal lacks binding force and has already surpassed the 70% threshold of the average salary in nearly half of Spain's provinces.