2020 to be difficult for companies through minimum wages
19:03
Raising the minimum wage is a great way to repair the state budget. From about PLN 15 billion, which will have to be paid in addition to the employer by only about 58 percent. will go to employees. The remaining 42 percent will benefit public finances, of which almost 2/3 will go to ZUS, and over 15% will support the National Health Fund.
According to experts, the increase in production costs caused by the increase in electricity prices will be particularly severe – especially for energy-consuming producers. All of them will be affected by the significant increase in the minimum wage, which increased from January 1, 2020, from PLN 2,250 to PLN 2,600, i.e. by 15.6%.
“This is a huge increase in costs for employers, especially the smallest and operating in the least effective sectors of the economy, and thus the least profitable,” believes Małgorzata Starczewska-Krzysztoszek, an economist at the Faculty of Economic Sciences of the University of Warsaw. In her opinion, this will most severely affect micro and small companies in the hotels and restaurants, construction, industrial processing, and trade sectors.
