By Andrea Hargraves 
Nuno Amado: “Raising the minimum wage is mandatory, by a lot.”
Nuno Amadou says the minimum wage should rise significantly. In an interview with Negócios e Antena 1 as a member of the Board of Directors of the Business Roundtable, he adds that this increase must be accompanied by measures to reduce the cost of corporate salaries.
The minimum wage must rise significantly, but the increase must be accompanied by measures for businesses, says Nuno Amado, as a board member of the Business Roundtable.
In an interview with Negócios e Antena 1, Nuno Amado recognizes that the minimum wage will have to rise “a lot,” but warns that this growth must come alongside falling wage costs for companies.
“A large part of the salary increase, including the minimum wage, goes to the state. It should not go,” he says. He wonders: “Of the total cost that the company bears to support and increase the salary, what percentage reaches the worker’s pocket?” In this regard, Nuno Amado highlights that “Portugal is the country that has, by far, the worst ratio”, so “the minimum wage should be increased, but the country has the conditions, from our point of view, to have less financial pressure, because companies have “The cost is not higher than it is today, but more money goes into workers’ pockets.” “It is possible,” he says.
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