Tehran, Iran – The Iranian government has announced a minimum wage increase of up to 60%. This is the largest such increase in years, aimed at alleviating the economic hardship faced by citizens due to inflation and rising prices of basic goods.
Iranian media reported that the decision followed intensive meetings of the Supreme Labor Council, which includes representatives from the government, employers, and workers. The council agreed to raise the minimum wage to reflect the rising cost of living in the country.
According to reports, the new increase aims to improve workers’ purchasing power. This comes especially in light of the sharp rise in food, energy, and housing prices, factors that have directly impacted the living standards of millions of Iranian families recently.
Observers believe this move reflects the extent of the economic pressures facing Tehran. This is particularly true given the continuation of international sanctions and the devaluation of the local currency, which has widened the gap between income and the cost of living.
Economic estimates indicate that inflation in Iran remains high. This is pushing the government to take financial and social measures to contain public discontent and improve living conditions, especially with the growing demands from workers for higher wages and a review of subsidy policies.
