Fernando G. Urbaneja | The objective of a minimum wage of 1,000 euros a month (full time, 14,000 euros a month) has entered the political and social agenda at the initiative of Podemos, with lukewarm support from their socialist partners.
Establishing a minimum wage is a policy which is widely extended in the UE: 22 countries implement it. That said, it is not free from controversy. In general, setting a minimum wage aims to protect workers with fewer qualifications and/or work experience. But depending on the level at which it is set, it can have a negative effect on employment.
NEW YORK | By Ana Fuentes | The debate about the minimum wage is making big headlines both in the U.S. and in Europe, although for very different reasons. In Washington, the main issue is whether to raise it, since at $7.25 per hour the richest country in the world pays less per hour to many other developed countries.In Europe, Germany has joined the minimum wage club as one of the highlights of the coalition agreement, and France is increasing it by 1.1 per cent. In Spain the minimum wage was frozen two years ago due to austerity measures, and today minimum wage workers are struggling to make ends meet. Still, they can still enjoy free health insurance, education or a paid vacation, something that their American counterparts cannot even dream of.
NEW YORK | By Ana Fuentes | The planned strike of fast-food workers in 100 cities on Thursday has stirred the debate about the minimum wage, which is among the lowest in all OECD countries. America is a much richer country today than 30 years ago, although the inflation-adjusted wages of nonsupervisory workers in retail trade have fallen almost 30 percent since the 70s. Underpaid jobs seem to be the new normal, many economists are warning.
BERLIN | By Presseurop| The contract for a new grand coalition government between Angela Merkel’s Christian democrats and the Social Democratic Party, which was presented on November 27, has not met with much enthusiasm in the German press. For some, the long-awaited deal is too generous to the left, while others argue that it fails to take into account the interests of Europe.