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Minimum wage at 284 euros in Hungary, but what is it enough for?Minimum wage at 284 euros in Hungary, but what is it enough for?Minimum wage at 284 euros in Hungary, but what is it enough for?Minimum wage at 284 euros in Hungary, but what is it enough for?
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Ármin Ferenci Ármin Ferenci · 22/06/2019
· Society

Minimum wage at 284 euros in Hungary, but what is it enough for?

Hungary labour market money poverty
trouser-pockets-poor

Short answer: it is not enough to provide for a “life with dignity.” In other words, those who earn the minimum wage exist below the poverty line. 

Hvg reported Policy Agenda’s findings of where the poverty line currently stands in Hungary. Policy Agenda calculated that in order for a single, active person to sustain a minimum level of dignity, one needs to earn 293 euros per month. Using the same criteria for a family of two parents and two children, 851 euros were calculated.

The minimum wage in Hungary is a net 284 euros, meaning that employees who currently work for a minimum wage exist below the poverty line.

Ambrus Kiss, director of Policy Agenda, reminded everyone that families under the poverty line generally fail to save any money for any future endeavours since they struggle to live by for a single month. Policy Agenda’s findings also contain some shocking numbers: 

30% of Hungarian families were considered to live below the poverty line in 2017. 

The ratio improved a little bit last year, but not significantly. When asked about these numbers, the Hungarian Ministry of Finance responded dismissively, saying that “they do not consider leftist political research to be of importance.” They pointed to the European Union’s official statistics which show a decline in poverty and an increase in wages.

 





 

Source: hvg.hu

Hungary labour market money poverty
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Ármin Ferenci
Ármin Ferenci

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2 Comments

  1. Lilly says:
    23/06/2019 at 18:36

    Hungarians what are you waiting for.Bring down Government you sadly voted for.Call the snap election.
    You are not the slaves.No one can survive on pittance.Go on.

  2. Christian M. says:
    24/06/2019 at 17:12

    Sounds wrongly interpreted. I am pretty sure the minimum amount of 28x euro refers to the minimum part-time job income which in Germany is 450 euro. In Aldi or Lidl in Hungary you can easily earn 600 euro nettó for 35 to 40 hours a week. The cost of living is lower in Hungary so of course that is reflected in the income too. I doubt that Aldi and Lidl in Hungary pay more than needed. You seriously cannot believe news anymore these days.

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