June 20, 2022
Germany’s minimum wage will be raised to €12 per hour in October, according to the government.
The new law, according to Chancellor Olaf Scholz, will benefit more than 10% of the country’s working population.
The measure was approved as part of a coalition agreement between Scholz’s Social Democrats (SPD), the Greens, and the liberal Free Democratic Party (FDP) (FDP).
Nearly 6.2 million workers, including self-employed individuals and flexible workers, would see their pay rise as a result of this policy.
Germany is to increase its minimum wage in two stages, from €9.82 to €10.45 on July 1st, and then to €12 on October 1st.
Along with the increase in the minimum wage, the government approved an increase from €450 to €520 in the monthly income maximum for “mini-jobs” (part-time occupations).
According to the German Trade Union Confederation, the policy will enhance overall purchasing power in Germany by €4.8 billion (DGB).
Source: Euronews
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