Thursday, July 23, 2020

Talking German Minimum Wage

Back in January of 2015, legislation went into effect in Germany to bring about a national minimum wage.  The original amount agreed upon?  8.50 Euro an hour, and it'd be upped every two years.  So presently, we are at 9.35 Euro. 

There's chatter going on (mostly with the SPD Party) of a programmed raise to hit 12-Euro by summer of 2022.  There's a decent piece by N-TV discussing the rise and implications.

I should point out....without tinkering or extra work....the normal raise in 2022 would bring it to 10.45-Euro.

All of this geared toward an election year (2021) tactic?  Well....to some degree, yeah.

Inflation?  For the past two years, it's been bouncing from 1.5 to 2 percent a year.

No comments: