MADRID, Spain — The government approved a raise in minimum wages in Spain that will range from $513 to $1,130 per month to support its working, low-income households amid the economic crisis brought upon by COVID-19. The Spanish economy could contract by more than 12% in 2020, depressing the employment rate to 80%. The rise in the minimum wage rate overall will increase the standard of living for these low-income households while reducing inequality and poverty experienced during the COVID-19 crisis.
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