ASÍ: Minimum Wage Should Be ISK 150.000 Skip to content

ASÍ: Minimum Wage Should Be ISK 150.000

Members of the Icelandic Confederation of Labor (ASÍ) have proposed that minimum wage in Iceland should not be less than ISK 150,000 (USD 2,500, EUR 1,700) a month.

The proposal was put forward at the annual conference of ASÍ in Reykjavík this morning. Thorbjörn Gudmundsson, chairman of ASÍ’s welfare committee, said in an interview with national radio RÚV that he was optimistic that the government would heed the proposal in the upcoming negotiations for wage contracts.

Today, minimum wage in Iceland is ISK 130,000 (USD 2,170, EUR 1,500).

In his speech at the conference yesterday, Ólafur Darri Andrason, the head economist of ASÍ, stated that the purchasing power of people with the lowest wages in Iceland had not increased in any way in 2006 and 2007 because of high inflation.

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