Overview
- The formal process began on Wednesday when the Ministry of Labour convened the official advisory commission of experts to assess and recommend a 2027 SMI level.
- The government aims to complete the expert report and approve the new figure before the November 29 general election so the raise can be published in the BOE and take effect on 1 January 2027.
- The commission includes technicians from the ministries of Labour, Economy and Finance plus union representatives from CCOO and UGT while the employers' group CEOE has withdrawn from participation.
- Experts will weigh recent inflation and wage trends against a policy reference of roughly 60% of average pay, with official indicators showing mid-single-digit inflation and average wage growth near 4 percent.
- About two million workers would be affected, unions are pressing for a rise above 5 percent, the employers remain opposed, and the government can complete the increase by royal decree after consulting social agents.