Days before Now Ruz, the Supreme Council of Labor voted to increase the minimum wage in the country by 45% for the calendar year starting March 21.
That raised the minimum wage payable to workers to 103.99 million rials per month or more than 3.463 million rials ($3.76) per day in the new calendar year.
The maximum wage payable under Iran’s labor law is seven times the minimum wage.
However, the lowest wage payable to a worker with two children, including compulsory payments for his or her housing and pension, will amount to 163.5 million rials ($177) per month over the next calendar year, according to tables published by the local media.
The wage increase will apply to all workers and employees covered by Iran’s Social Security Law and will be different from salary regulations governing millions of civil servants and military staff in the country.
Figures released by the Iranian government’s statistics agency showed that the inflation rate in the country had increased by 32% in the year to January 19.
In the last two decades, the Labor Council has raised the minimum wage more than inflation half the time and less than inflation half the time.
