Financial Tribune: Minimum wages will rise by 57.4% in the new Iranian year (starting March 21), says Minister of Cooperatives, Labor and Social Welfare Hojjatollah Abdolmaleki. “A worker with two children will receive at least 67.25 million rials [$261] [per month] next year, indicating a 53.7% increase compared with the current year. A 3.3-member household’s minimum wage will be 64.33 million rials [$250] in 2022-23, which is 24 million rials [$93] more than the current year’s,” he was quoted as saying by Dolat.ir. The official noted that the absolute purchasing power of workers will be 9% more than the inflation rate and the increase in workers’ income will result in more productivity and demand, and consequently help the economy. “As per the decision made in the latest meeting of Supreme Labor Council, which lasted for 14 hours, a worker’s monthly food coupon was set at 8.5 million rials ($33) and the housing allowance at 6.5 million rials ($25).
Workers of other pay levels [above the minimum] will see a rise of 38%,” he said.