Patrick Monteiro de Barros confessed to "shame" at Portugal’s €485 minimum wage, "one of the lowest in all of Europe," also accusing politicians of an unwillingness to fight this injustice.
"I am ashamed," he said at the 'Business in Box' conference in Lisbon today.
Patrick Monteiro de Barros is one of the richest men in Portugal, a keen Olympic yachtsman with a handful of surprising and risky business ventures under his belt which earned him the financial status he enjoys today.
The businessman went further by pointing his finger at a political class which continues to demonstrate an unwillingness to correct what he considers to be a social injustice.
Whereas this problem can be solved with increased levels of education and productivity, the entrepreneur said there is no political will to look at this issue, and other key issues affecting the working lower economic class.
Patrick Monteiro de Barros pointed out that electricity costs in Portugal are within the European average, which highlights an unacceptable paradox as the basic income of Portuguese workers is nowhere near enough to afford even the basics.
