Economic groups issued a statement on the 12th, urging them to minimize next year’s minimum wage to a level equivalent to freezing.
In a statement jointly distributed on the same day, the Korea Federation of Small and Medium Enterprises, the Korea Employers’ Federation and the Federation of Small Businesses emphasized the need to minimize the minimum wage increase, saying, “Small and medium-sized enterprises and small business owners cannot afford even a slight increase in the minimum wage due to the prolonged impact of COVID-19.”
They said, “Many self-employed people are still struggling to pay off their debts with debt, so more than half of small and medium-sized enterprises are unable to even cover financial expenses with their operating profits.” “With the fourth COVID-19 pandemic, it is difficult to expect any improvement in conditions in the short term, and the delta mutation As social distancing is strengthened due to the spread, small business owners and small and medium-sized enterprises are having a difficult time every day.” “If the minimum wage is raised again, the burden on business management and the job situation will become even more difficult,” he said.
According to a survey by the Korea Federation of SMEs and SMEs, 68.2% of small and medium-sized enterprises and small business owners have worse business conditions than before the COVID-19 crisis, and 40.2% have difficulty even paying their normal wages.
Economic groups said, “Due to the corona shock following the steep increase in the minimum wage, 300,000 small and medium-sized enterprises (SMEs) jobs disappeared last year for the first time in 11 years. We earnestly request once again to minimize it to a similar level.”
Meanwhile, the Minimum Wage Committee negotiated the minimum wage level for next year at the 9th plenary meeting held at the government complex in Sejong on the same day, but the labor and management circles suggested amendments of 10,000 won and 8,850 won, respectively, and failed to narrow the gap.
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