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

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,…

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