Home » Legal developments » National legislation » EU: minimum wage increases not able to compensate for rising prices EU: minimum wage increases not able to compensate for rising prices As of 01 January 2023, eighteen out of the twenty-two EU Member States with a statutory minimum wage have implemented an increase in their basic salary level. The aim is to protect low-wage earners in the face of record inflation. However, even though some of these increases exceed 20%, they are struggling to compensate for the erosion occurring  in employees’ purchasing power. Through Nathalie Tran. Published on 24 January 2023 Ă 15h20 - Update on 03 February 2023 Ă 9h48 Resources With record inflation sweeping through the European Union (11% in November 2022), almost all of the 22 countries with a statutory minimum wage announced a further increase,… Nathalie Tran Need more info ? Contact mind's on-demand study service Which service do you want to contact :WritingCommercial serviceTechnical SupportFirst nameLast nameOrganizationFunctionemail* Object of the messageYour messageCommentsThis field is for validation purposes and should be left unchanged. Essentials Les dernières publications What type of employment status will platform workers hold? mind RH updates its comparison of several countries’ regulatory responses CSR: support for caregiving employees, a new challenge for companies Analyzes Les dernières publications Paternity leave: data observations from 41 countries EU: during H1 2022 five EU Member States have raised their minimum salary levels
