Iran Raises Minimum Wage by 60% Despite War and Protests.. Will This Step Calm Street Anger?

The authorities in Iran announced an increase in the minimum wage by more than 60%, a step that comes as part of the annual wage increase, following months of widespread protests in the country due to difficult living conditions.
Local media reported that the decision came after government approval, amid increasing economic pressures and rising inflation rates in recent times.

The "Tasnim" news agency quoted the Iranian Minister of Labor as saying that the monthly minimum wage will rise from 103 million rials to 166 million rials starting from the new Iranian year, which begins in a few days according to the solar Hijri calendar used in the country.
This adjustment is part of an annual mechanism adopted by the government to review wages in line with inflation rates.

According to estimates of the exchange rate in the black market, the new minimum wage in Iran is equivalent to about $112 per month, reflecting the continued decline in the value of the local currency amid international sanctions and economic pressures.

The Iranian economy has witnessed high inflation rates in recent months, due to ongoing international sanctions, in addition to military tensions that preceded the war with the United States and Israel.
This has led to a significant increase in the prices of basic goods and a decline in the purchasing power of citizens.

Iran witnessed protests in late December that began over living conditions, before expanding to include political slogans against the leadership of the Islamic Republic.
Reports indicate that the crackdown faced by the authorities during these protests resulted in thousands of deaths, increasing tensions between the government and the street.