The gap in next year’s minimum wage demands 690leaves a slim chance of agreement
The gap between labor and management’s minimum wage demands has narrowed from the initial 1,680to 690. Labor has proposed 11,220per hour, management 10,530, and the Minimum Wage Commission will continue deliberations at the 7 plenary session on 14the 14.
The gap in minimum wage demands has narrowed from an initial 1,680to 690, but an agreement has not been reached. Both labor and management submitted 9round revised proposals, and the Minimum Wage Commission will hold its 7 plenary session on 9the 13before continuing deliberations at its 7 plenary session on 14the 14.
Labor proposed 11,220per hour. That is 10,320 higher than this year’s 900per hour.
Management proposed 10,530per hour. That is 210 higher than this year’s figure from this year.
9During the wage adjustment revision process, labor side lowered the proposed amount by 30won, and management side raised it by 10won. Because of this, the Minimum Wage Commission was unable to reach a deliberation conclusion.
If the labor side’s proposal is applied, the commission said it would have the effect of raising each worker’s monthly converted wage by about 188,000won. Institutional linkage factors such as holiday pay and social insurance contributions are also being discussed.
The labor side is arguing for securing living expenses for low-wage workers. The management side is calling for a smaller increase, citing the burden of labor costs on small merchants and very small businesses.
The minimum wage conclusion could come through a vote by the commission, and if there is a vote, the votes of labor, management and public-interest commissioners will be key. 7At the 14all-member meeting, the result must come out for the next procedure to be finalized.
Sources: 뉴시스 경제
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