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المصري اليوم
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Trade Unions Caution on Minimum Wage Increase
Magdy El-Badawi, Vice President of the General Union of Egyptian Workers, confirmed that the current minimum wage in the private sector, which is 7,000 Egyptian pounds, is not sufficient to face the current economic challenges. He explained that wage assessment depends on factors such as inflation, the strength of the Egyptian pound, and the prices of services. Furthermore, he emphasized that raising the wage alone is not enough; supportive measures like health insurance and transportation should also be provided. He pointed out that there are four categories of employers regarding their commitment to the minimum wage, noting that fines can reach up to 20,000 pounds for those who refuse to implement it despite having the capacity. He stressed the importance of applying the minimum wage universally, with incentives for establishments that are unable to comply, to ensure business continuity and improve workers’ living standards.
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