The National Tripartite Agreement on labor and social consensus has set the national minimum wage to be MNT 3,273 per hour and MNT 550,000 per month from January 1, 2023.
The minimum wage was increased by 31% or MNT 130,000 from MNT 420,000. This decision will be implemented from January 1, 2023.
As of November, 2022 a total of 73,235 people in Mongolia were paid the minimum wage. They are only 9.7% of the total workforce. In January, 2022, the average pension became MNT 550,000. Therefore, citizens criticized the minimum wage is lower than the average pension.
HOW DID THE MINIMUM WAGE INCREASE?
- 2006 – MNT 53,000
- 2007 – MNT 69,000
- 2008-2011 - MNT 108,000
- 2011-2013 - MNT 140,000
- 2013-2016 - MNT 192,000
- 2017-2018 - MNT 240,000
- 2019 - MNT 320,000
- 2020 - MNT 420,000
- 2023 - MNT 550,000
The National Tripartite Agreement on labor and social consensus has set the national minimum wage to be MNT 3,273 per hour and MNT 550,000 per month from January 1, 2023.
The minimum wage was increased by 31% or MNT 130,000 from MNT 420,000. This decision will be implemented from January 1, 2023.
As of November, 2022 a total of 73,235 people in Mongolia were paid the minimum wage. They are only 9.7% of the total workforce. In January, 2022, the average pension became MNT 550,000. Therefore, citizens criticized the minimum wage is lower than the average pension.
HOW DID THE MINIMUM WAGE INCREASE?
- 2006 – MNT 53,000
- 2007 – MNT 69,000
- 2008-2011 - MNT 108,000
- 2011-2013 - MNT 140,000
- 2013-2016 - MNT 192,000
- 2017-2018 - MNT 240,000
- 2019 - MNT 320,000
- 2020 - MNT 420,000
- 2023 - MNT 550,000