Less Increase Expected: Higher Minimum Wage Brings Billions to the State, Praises Labour Market Researchers

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If the minimum wage increases, the number of so-called "supplements" is also decreasing – for the state, the increase can be very worthwhile in several respects, according to the Institute for Labour Market and Occupational Research.

epochtimes.de

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Many people receiving supplementary benefits will lose part or all of their income if the minimum wage is increased. This saves the state several hundred million euros. But that's not all.

berliner-sonntagsblatt.de

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Enzo Weber from the Institute for Labour Market and Vocational Research (IAB) at the Federal Employment Agency expects that the upcoming minimum wage increases will relieve the state treasury. By increasing the minimum wage, the federal government will “save at least several hundred million euros per year in spending on citizens' benefits,” the labor market expert told the “Handelsblatt.” If you add the higher tax revenues and social security co…