Germany's minimum wage set for record increase
The Peninsula
Berlin: The German government backed an increase in the minimum wage to 14.60 euros per hour, the largest hike since the country adopted a minimum wag...
Berlin: The German government backed an increase in the minimum wage to 14.60 euros per hour, the largest hike since the country adopted a minimum wage a decade ago.
The increase will come in two stages, rising from the current 12.82 euros ($14.90) to 13.90 euros at the start of next year, and then jumping again to 14.60 euros per hour on January 1, 2027.
"Millions of employees will receive noticeably more for their work -- and companies can responsibly spread the rising costs over two years," Labour Minister Baerbel Bas said on Tuesday after the German cabinet approved the increases.
The hike is "an important step towards greater fairness and recognition for those who keep our country running day in and day out", said Bas, a leader of the centre-left Social Democrats (SPD), the junior coalition partners to Chancellor Friedrich Merz's conservative CDU/CSU bloc.
About six million workers in Germany will benefit from the increase, according to the Labour Ministry.
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