Connect with us

Entertainment

Good news for workers: wages will rise in 2023

Published

on

Great news is coming for Italian workers, who could get more income with the government’s new budget package

Giorgia Meloni’s new government is working to make life less complicated and cheaper for millions of Italians. Above all, he is looking for solutions to deal with inflation and the high cost of living which have become depopulated in 2022.

wagesWages will increase in 2023 (web source)

However, there is good news coming from the country’s political and financial circles. It seems that an economic maneuver is being considered which, in 2023, will allow many Italian workers to obtain higher average salaries.

Indeed, a further reduction in the tax wedge dedicated to the lowest incomes is under study, in order to allow a rise in wages in the short term. The finance law provides for a double intervention on the corner: on the one hand, the confirmation of the reduction of two points introduced by the Draghi government, and on the other hand, the reduction of an additional point for incomes below one certain threshold.

Salary hike for Italians: here’s who will be able to benefit from it next year

An operation of around 5 billion euros, the one set in motion by the Meloni government and the Ministry of Finance. Compared to what was done by the management of Mario Draghi, which reduced the tax wedge for all workers by two points, the new measure also takes into consideration part of the companies.

As revealed by Minister Giorgetti, the intention of the government in 2023 will be to protect and facilitate workers with the lowest incomes. Giancarlo Giorgetti, Italy studies for the production of anti-Covid vaccinesGiancarlo Giorgetti – Minister of Development (Instagram)

Here are the different scenarios proposed to reduce the tax wedge. The first is the one who only sees the confirmation of what is already in force, therefore a reduction in contributions of 2% for workers with incomes below 35 thousand euros: in this case, it is clear that nothing would change, and salary increases would remain those already enforced, therefore imperceptible.

The second option would be to increase the reduction of the wedge to 3%, but by allocating a third of the quota to companies: the benefit would therefore come from companies, perhaps thus more encouraged to hire. For workers, very little would change in terms of wage increases.

The last scenario is the one that sees the increase in reducing the wedge to 3 percentage points, and allocating everything to the workers: in this case, the increase in wages would have a clear effect for everyone.

Continue Reading

Recent News

Alienware Aurora 2019 Alienware Aurora 2019
Tech2 hours ago

Alienware Aurora 2019 (Gaming PC For Best Buy 2023)

Are you a gaming geek who has been waiting to get your hands on the best gaming setup? Then wait...

CNC Machining CNC Machining
Tech2 hours ago

CNC Machining: An Advanced Way To Prototyping

In today’s rapid technological times, when machines have been produced to cater to all industries sweepingly, the device of CNC...

Fake ID Fake ID
Tech2 hours ago

10 Best Fake ID Websites 2024

For quite some decades now, the world of the internet has advanced with technology and cyber hacks. People from all...

Discord Alternatives Discord Alternatives
Tech2 hours ago

5 Best Alternatives Of Discord In 2023

Voice and text applications are simply phenomenal for connecting with a team of professionals or even for having fun with...

Sites Like Reddit Sites Like Reddit
Tech2 hours ago

7 Best Sites Like Reddit That Everyone Should Check Out

We know the reason you’re here. Looking for platforms similar to Reddit? We’ve got your back. Reddit is a fantastic...

APAP Login APAP Login
Tech2 hours ago

APAP Login: Everything You Need To Know

In these times when obesity and heart diseases are on the rise, many conditions retrospectively affect people’s brains and bodies....

BT Mail Login BT Mail Login
Tech2 hours ago

All You Need To Know About BT Mail Login: Benefits Of BT Mail Login

Are you having trouble with your different logins? Well, we have the solution to your problems as what you might...

Biocentrism Debunked Biocentrism Debunked
Tech2 hours ago

Biocentrism Debunked: Consciousness Driving Universe 

Are you baffled by the universe’s steady onslaught of expansion, however still curious how your life drives the universe in...

Imginn Imginn
Tech3 hours ago

Imginn: A New Way To Anonymous Instagram

Whether you are new to the world of Instagram or a regular user, we all can agree that there have...

Bathroom Remodeling Bathroom Remodeling
Home Improvement3 hours ago

5 Best Bathroom Remodeling Contractors Houston

When you give your bathroom a makeover, it will transform the look of the whole house. The bathroom remodeling project...