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Handelsverband Warns: Minimum Wage Increase Leads to Higher Consumer Prices
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After the planned increase in the minimum wage, the Handelsverband Deutschland (HDE) expects higher prices for consumers. "It is to be feared that the significant minimum wage increase will result in rising prices. In the end, everyone will lose," said Chief Executive Officer Stefan Genth to the RedaktionsNetzwerk Deutschland (RND). "The purchasing power of the employees does not increase, the competitiveness of Germany suffers and numerous jobs…
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