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German minimum wage set to rise by about 14% over the next 18 months
- Germany's minimum wage will increase to €15 in 2026 from €12.82, following a unanimous recommendation from the Minimum Wage Commission, as announced by chairwoman Schönefeld.
- Current Labour Minister Bärbel Bas has stated she will implement the proposal, leading to a historic 14% wage increase, the largest since the introduction of the minimum wage.
- Criticism arose from various political leaders, including CDU leader Friedrich Merz, who expressed doubts about the certainty of the minimum wage increase.
- Some experts, like Marcel Fratzscher, believe a higher minimum wage would enhance the labor market's appeal during a labor shortage.
69 Articles
69 Articles
The statutory minimum wage in Germany is to rise in two steps to 14.60 euros per hour. This is provided for by a unanimous decision of the responsible commission.
The Federal Government wants to implement the decision of the minimum wage commission unchanged. The danger of a coalition dispute is thus off the table. However, companies and economists worry about the competitiveness of the location Germany.
Associated Press News
German minimum wage set to rise by about 14% over the next 18 months
Germany’s minimum wage is set to rise by about 14% over the next 18 months under an agreement that appears to defuse a potentially divisive issue for the new government.
The minimum wage will rise to 14,60 euros by 2027. What does this mean for your salary, prices in everyday life and for the economy?
Germany's Minimum Wage Set for Historic Increase
Germany plans to increase its minimum wage to 14.60 euros per hour by 2027, starting with an initial raise to 13.90 euros in 2026, according to a government-commissioned proposal. This change would make Germany's minimum wage the second-highest in the EU, trailing Luxembourg.
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