Posted on 07/03/2014 8:35:22 AM PDT by Olog-hai
German lawmakers on Thursday voted to introduce a minimum wage of €8.50 per hour, despite criticism from both unions and employers of the new law.
While employers said the law could cost jobs, unions criticized the final version for falling short. […]
Labor Minister Andrea Nahles praised the government’s bill before the vote. “Cheap, unprotected—that is over,” Nahles told lawmakers.
Her center-left Social Democrats (SPD) had made the minimum wage a condition for joining Chancellor Angela Merkel’s conservative Christian Democrats (CDU) in a coalition government at the end of last year. …
(Excerpt) Read more at thelocal.de ...
Great politics, bad policy for small business if it happened in this country.
In my area right now most entry level hiring I see is around 9 dollars an hour, well above the 7.25 federal minimum wage
Of course, the Uniparty politicians through the Fed have inflated the value of currency making a minimum wage hike sustainable for large politician connected corporations in this country.
The Great Leader will seize on THIS opportunity to Get Done what Congress Wont Do...and by executive fiat declare a 20 dollar an hour Min Wage here...
to celebrate Independence Day...
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