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Growth Of Minimum Wages Accelerates Across Europe

Fric, Karel, (2017), “Growth Of Minimum Wages Accelerates Across Europe”, Social Europe, 27 February

The growth in average (nominal) pay of employees has accelerated in recent years in EU countries after a slump following the economic crisis (AMECO data). Similar developments show up in data on collectively agreed wages. However, higher wage growth figures do not automatically mean that all employees benefit equally. On 14 February 2017, the European Trade Union Confederation (ETUC) launched a campaign Europe needs a pay rise. It says workers’ wages have not kept pace with productivity for decades and have been falling compared to profit, shares and capital income. One way to counter extreme wage inequalities in the labour market is to set a statutory minimum wage level.

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