Increased Minimum Wage Leads to a Wave of Wage Increases

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Wage increases force companies to adjust prices and reduce staff. Especially catering.

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A survey shows how companies are specifically affected. According to a DIHK survey, thousands of companies report wage increases due to the increase in the minimum wage. As of January 1, the statutory wage ceiling had been raised to EUR 13.90 per hour. The German Chamber of Industry and Commerce had asked 15,000 companies in many different sectors about the impact.The result: Every second company is directly or indirectly affected, with one in f…

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Since January, Germany has had a minimum wage of 13.90 euros – and almost every second company feels the consequences. Catering and retail are particularly affected. Two out of five companies now want to increase their prices.