Despite stubbornly high inflation, only three European Union Member States have raised their minimum wages since the start of 2023. Over the space of a year however, minimum wage levels have risen sharply almost everywhere, and Cyprus has joined the list of countries where minimum wages are compulsory.
France (+2.2%), Luxembourg (+2.5%), and Greece (+9.4%) are the only three EU Member States to have increased their minimum wage yet again since January 2023 (five Member states had done so at the same stage in 2022).
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Article authors
Antoine Piel
Section Head at Mind HR