Thursday, February 24, 2022

What Happens When The 12-Euro Per Hour Minimum Wage Occurs?

 Currently, for the record here in 2022.....a McDonalds menu meal runs around 9.90 Euro (Heidelberg rate), if you use the Numbeo site.  That's $11.13 for you US folks (tax included).  

I generally expect the meal to escalate by mid-summer when the minimum wage deal hits, and the same meal will be up around 10.80 Euro.

Across the board....from pubs to service operations....a 10-percent surge in prices is more than likely. 

There's no doubt that the minimum wage had to slide up, but the cost level for a number of things will escalate along with it.  

In fact, I'll even make this prediction by the end of 2022....a lot of political chatter will start up over the idea of maximum wage, and that some people will start to discuss a limit on how much you can make (out of the term 'fairness').

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