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Germany to introduce national minimum wage: Merkel

Discussion in 'The Americas' started by layman, Nov 21, 2013.

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  1. layman

    layman Aurignacian STAR MEMBER

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    BERLIN, Nov. 21 (Xinhua) -- German Chancellor Angela Merkel indicated on Thursday that the country will introduce a national minimum wage as demanded by her prospective coalition partner, but added that she will try to prevent job losses that may be caused by the move.

    "The Social Democrats (SPD) will not conclude negotiations without a universal legal minimum wage," Merkel said, as the coalition talks between the SPD and her Christian Democratic Union (CDU) and its Bavarian sister party the Christian Social Union (CSU) entered the final phase.

    Negotiators from the two sides have been trying to hammer out a detailed program of policies and reach agreements on key cabinet posts of the "grand coalition" to rule Europe's largest economy for the next four years. The new government is expected to emerge by Christmas.

    The introduction of a national minimum wage of 8.50 euros (11.41 U.S. dollars) per hour is a key election platform of the SPD. Merkel's party opposes national minimum wage but supports minimum wage deals struck by employers and trade unions in different industry sectors and regions.

    She has repeatedly reiterated her opposition to the national minimum wage on concerns that it would destroy jobs.

    Germany's leading economic institutes warned in a report last month that the introduction of a minimum wage of 8.50 euros per hour could lead to significant job losses in eastern Germany.

    The report showed that 11 percent of workers in western Germany earn less than the proposed 8.5 euros an hour, while one quarter of workers in eastern Germany earn less than the amount.

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  2. The Drdo Guy

    The Drdo Guy Captain SENIOR MEMBER

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    i think this is one of the excellent idea to adopt here and to impliment.This will certainely boost our economy and living standards....Far better than the food security bill....Can be worked out in India effectively only by good governance.....Don't forget to read the line below the like button....
     
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  3. layman

    layman Aurignacian STAR MEMBER

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    :lol: Liked...:tup:
     
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  4. The Drdo Guy

    The Drdo Guy Captain SENIOR MEMBER

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    thanks bro,actually what i was trying to say that good governance can only be delivered by NAMO that's why vote for Narendra Modi save the country.i can promise to every citizen of india that Modi ji will prove to be an elixier to all there ills and problems.
     
  5. layman

    layman Aurignacian STAR MEMBER

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    That is why i liked your signature. I knew what you were saying actually.

    But i wont vest too much on the Mr. Modi''s governance initially as the mess needs longtime to clear up. Anyways back to topic. India sure needs to setup minimum wage schemes and govern and enforce it.
     
    Last edited: Nov 21, 2013
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