Home » Legal developments » National legislation » EU: minimum wage increases not able to compensate for rising prices EU: minimum wage increases not able to compensate for rising prices As of 01 January 2023, eighteen out of the twenty-two EU Member States with a statutory minimum wage have implemented an increase in their basic salary level. The aim is to protect low-wage earners in the face of record inflation. However, even though some of these increases exceed 20%, they are struggling to compensate for the erosion occurring  in employees’ purchasing power. Through Nathalie Tran. Published on 24 January 2023 Ă 15h20 - Update on 03 February 2023 Ă 9h48 Resources With record inflation sweeping through the European Union (11% in November 2022), almost all of the 22 countries with a statutory minimum wage announced a further increase,… Nathalie Tran Need more info ? Contact mind's on-demand study service Which service do you want to contact :WritingCommercial serviceTechnical SupportFirst name Last name Organization Function email* Object of the message Your messageRGPD J’accepte la politique de confidentialitĂ©.EmailThis field is for validation purposes and should be left unchanged. Essentials Les dernières publications Supporting parenthood in the workplace: a win-win strategy Supporting employee carers: a CSR challenge Analyzes Les dernières publications Paternity leave: data observations from 41 countries EU: during H1 2022 five EU Member States have raised their minimum salary levels
