National minimum wage rises to MNT 550 thousandSociety
Ulaanbaatar /MONTSAME/. A decision to increase the minimum wage to
MNT 550 thousand in 2023 was made at the meeting of the Tripartite National
Commission for Labor and Social Concession held yesterday.
Thus, the minimum wage increased by MNT 130,000 or 31 percent from MNT 420 thousand. The decision will take effect from January 1, 2023.
There are about 1.1 million employees nationwide and 8 percent of them or about 80 thousand people earn the minimum wage.