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Minimum Wages to Rise 57.4% in Fiscal 2022-23: Labor Minister

Minimum Wages to Rise 57.4% in Fiscal 2022-23: Labor Minister
Minimum Wages to Rise 57.4% in Fiscal 2022-23: Labor Minister

Minimum wages will rise by 57.4% in the new Iranian year (starting March 21), says Minister of Cooperatives, Labor and Social Welfare Hojjatollah Abdolmaleki.
“A worker with two children will receive at least 67.25 million rials [$261] [per month] next year, indicating a 53.7% increase compared with the current year. A 3.3-member household’s minimum wage will be 64.33 million rials [$250] in 2022-23, which is 24 million rials [$93] more than the current year’s,” he was quoted as saying by Dolat.ir. 
The official noted that the absolute purchasing power of workers will be 9% more than the inflation rate and the increase in workers’ income will result in more productivity and demand, and consequently help the economy.
 

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