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). The increases in both France and Luxembourg occur automatically by law while only Greece, where the minimum wage remains among the lowest in the EU (€780), is pursuing a proactive policy in this area.
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Article authors
Antoine Piel
Section Head at Mind HR