German think tank warns parties promising minimum wage increase: 'Not feasible'

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The German economic think tank ifo on Friday criticized the use of the minimum wage as a spearhead in the German election campaign. This was reported by…

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The president of the ifo Institute Clemens Fuest is opposed to the policy setting of the minimum wage to 15 euros. "The current economic situation does not give rise to an increase in the minimum wage to 15 euros. Our economic performance has been shrinking for two years. Nevertheless, average labour incomes are rising, but not nearly as much as the required minimum wage increase," says Fuest. From 2023 to 2025/26, collective wages are expected …