Meeting this morning, the Standing Committee for Social Concertation of the Autonomous Region of Madeira, will have already set the amount of 650.88 euros as the regional minimum wage.
The national salary for 2020 is set at 635 euros, with an increase in the Region of 15.88 euros, 2.5%, while in the Azores the value will be 666.75, representing an increase of 5% compared to the national minimum.
It is recalled that in the year that is still underway, the amount of 615 euros is in force in Madeira, so this increase of 35.88 euros represents an increase of around 5.8%, being necessary to retreat until the transition from 2007 to 2008 to find a similar percentage when it then went from 411.16 to 434.52 euros. In absolute terms, the 35.88 increase is the largest ever, surpassing the 29.40 recorded between 2016 and 2017.
The amount will take effect from 1 January next, but because there is still a way to go in legislative terms, it may have no return right away but with retroactive effect some time later.
As far as JM knows, the proposed value was well accepted among the various social partners, and the objective that guided this proposal was to provide an “increase of the Regional Minimum Wage (SMR) that sought to reflect the costs of insularity and the burden. that entails for the families of the Madeiran workers ”.