• Tuesday, 24 December 2024

Germany's upper house approves higher minimum wage: €12 per hour

Germany's upper house approves higher minimum wage: €12 per hour
Berlin, 10 June 2022 (dpa/MIA) — The statutory minimum wage in Germany will rise to €12 per hour ($12.89) in October, after a vote in the upper house of parliament on Friday. Currently, the minimum wage is €9.82. On July 1, it will rise to €10.45. At the same time, the maximum remuneration for so-called "mini-jobs" will rise from €450 to €520 per month in October. Chancellor Olaf Scholz, from the Social Democratic Party, had made the wage increase a key promise of his election campaign last year. The opposition has argued that the minimum wage will not protect people against further prices increases, and that there were other ways to increase purchasing power and keep Germany's economy competitive.