The statutory minimum wage was introduced on january 1, 2019. January 2019 increased to 9.19 euros. For the german trade union federation (DGB) of upper franconia, this is an occasion to take a look at the development of employees and wages since the introduction of the minimum wage in a press release.
DGB regional manager mathias eckardt: "four years after its introduction, we can draw a positive balance: the statutory minimum wage has brought more pay for many employees. Contrary to the prophecies of doom from employers and economic researchers, employment has not fallen. On the contrary, employment subject to social security contributions is now at an all-time high. The minimum wage has boosted private consumption and thus contributed to the current upswing."
A recent DGB analysis of new figures from the federal statistical office and the federal employment agency shows the positive effects on earnings and employment development. Both employment subject to social security contributions and wages had developed positively since the introduction of the statutory minimum wage at the beginning of 2015.