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So big are the differences in the minimum wage in Europe

At the end of June it became known that the statutory minimum wage in Germany is to increase. Since the beginning of the year it has been 9.35 euros per hour. The responsible commission now recommended increasing it to 10.45 euros over the next two years, despite the Corona crisis. The increase is to take place in four stages. In Germany there has been a statutory minimum wage since the beginning of 2015. At that time it was 8.50 euros gross per hour and has so far been upgraded twice.

Minimum wage in Europe

21 of the 27 states of the European Union have a statutory minimum wage that applies nationwide and across industries. Germany is left behind by some states when it comes to the level of the minimum wage. However, the minimum wage also reflects the general price level in the respective country. It is therefore more informative to look at what workers can buy for the minimum wage instead of the pure sums.

This ranking is therefore based on the minimum wages in the artificial currency unit purchasing power standard (PPS). The statistics authority Eurostat uses a shopping basket for the conversion. For a PPS, the same amount of goods and services can theoretically be paid for in every country. In this way, stark differences are put into perspective a little. But there is also an enormous gap in purchasing power within the EU.

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