1/5 of Employees Earn Minimum Wage
Earnings are growing rapidly in Hungary, but many people only earn the minimum wage or guaranteed minimum wage for more skilled roles, according to the KSH's analysis of the second quarter wage data, writes penzcentrum.hu.
In the second quarter of 2022, the gross monthly average earnings of those employed full-time reached HUF 502,300, nominally 15.2% higher than a year earlier.
The index was eight percentage points higher than the growth measured in the same period of 2021.
According to the analysis, among full-time employees, the number of people earning the maximum guaranteed minimum wage in the second quarter of 2022 was 568,639, which is 19.7% of full-time employees.
This means the monthly salary of two out of ten full-time workers is HUF 260,000 gross.
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