The minimum hourly wage in Germany will rise to 12 euros this year from 9.82 euros on January 1, according to Federal Labor Minister Hubertus Hale (SPD), who told Handelsblatt.
This increase is equivalent to 18%. It is a “matter of respect” for employees, the same politician emphasizes.
As of January 1, 2022, according to data from the German Trade Union Confederation, it amounted to 9.82 euros compared to 9.60 euros until December 31, 2021. According to the same sources, on June 30, 2020, the German Minimum Wage Commission issued a recommendation to increase the minimum wage in 2021 and 2022. The then federal government followed this recommendation and, thus, in 2021 there were two increases. In 2022 it has been decided to increase the minimum wage in two stages. The first has already passed (from January 1, 2022) and the second will “run” from July 1 to July 31, 2022 leading to 10.45 euros (increase of 8.1% compared to 2021 compared to 18% that
However, with the above statement to Handelsblatt, he raises the bar of increase to 12 euros.
.
Source From: Capital

Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.