German parliament approves 8.50 euro national minimum wage

BERLIN, July 3 Thu Jul 3, 2014 7:27am EDT

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BERLIN, July 3 (Reuters) - Germany's lower house of parliament approved on Thursday the introduction of a nationwide minimum wage of 8.50 euros per hour, one of the flagship reforms of Chancellor Angela Merkel's coalition partner, the centre-left Social Democrats.

Of the 601 votes cast, 535 voted in favour of the law, 5 lawmakers voted against it and 61 abstained, according to a deputy leader of the Bundestag. The reform still needs to get approval from the Bundesrat upper house to become law. (Reporting by Annika Breidthardt; Editing by Noah Barkin)

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Comments (3)
ryangrillo wrote:
So what was it before that? Wasn’t it higher? Does the journalist not think thats important or interesting?

Jul 04, 2014 10:38am EDT  --  Report as abuse
cmuberti wrote:
It’s the first *national* minimum wage, so there wasn’t anything before that.

Jul 04, 2014 3:10pm EDT  --  Report as abuse
JohnPombrio wrote:
By setting artificially high minimum wages, this prevents a country from being able to effectively compete in a world market full of low cost workers. Manufacturing something in a developed country by successfully competing against off-shoring depends on high efficiency depends on up to date manufacturing machinery and lower cost trained labor to let the cost of shipping back and forth, setting up a factory overseas, and poor infrastructure end up costing more.

Jul 04, 2014 4:38pm EDT  --  Report as abuse
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