en 
The Prime Minister, António Costa, had already said in an interview that the update of the minimum wage next year could go beyond 810 euros. The upward revision of this increase, which had already been admitted by the president of the Confederation of Commerce and Services (CCP), João Vieira Lopes, should be closed in the negotiations taking place in social consultation in the coming days, writes the newspaper.
Currently, the minimum guaranteed remuneration in Portugal is 760 euros gross, so, if the increase is increased to 820 euros, this is a nominal increase of 7.9%.
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Expect the prices you pay in labour-intensive industries such as catering and hotels, to increase. The more you increase the minimum wage, this increase will be passed on to consumers. People often forget this, and fail to understand the unintended consequences of this measure.
By Billy Bissett from Porto on 09 Oct 2023, 09:50
Billy, it doesn't really matter, as long as the increase is organic and sustainable the savings that you end up having after the increase are higher in nominal terms, even if you keep spending the same amount in relative terms. There are no closed economies, and many of the things people buy on a daily basis are priced internationally; oil, tvs, phones, computers, gold, steel, even most of the clothes and shoes.
If my expenses are 90% of my income, I would still prefer to make 20K a month than 1K...
By Jose da Silva from UK on 09 Oct 2023, 15:54