At today's meeting of the National Tripartite Committee on Labor and Social Consensus on May 4, 2022, the agenda of revising the minimum wage was discussed.
The National Committee has decided to increase the national minimum wage to MNT 3,273 per hour and MNT 550,000 per month starting from January 1, 2023.
As a result, the minimum wage has been increased from MNT 420,000, by 31 percent or MNT 130,000.
The minimum wage for 2024 will be revised by the National Tripartite Committee on Labor and Social Consensus in the first quarter of 2023.
At today's meeting of the National Tripartite Committee on Labor and Social Consensus on May 4, 2022, the agenda of revising the minimum wage was discussed.
The National Committee has decided to increase the national minimum wage to MNT 3,273 per hour and MNT 550,000 per month starting from January 1, 2023.
As a result, the minimum wage has been increased from MNT 420,000, by 31 percent or MNT 130,000.
The minimum wage for 2024 will be revised by the National Tripartite Committee on Labor and Social Consensus in the first quarter of 2023.