A government-appointed commission announced that Germany would raise its minimum wage twice over the next two years. The move would give Germans the second-highest minimum wage in the EU, after Luxembourg.
Germany to raise minimum wage to €14.60 by 2027
a year ago by babysandpiper to c/world
A government-appointed commission announced that Germany would raise its minimum wage twice over the next two years. The move would give Germans the second-highest minimum wage in the EU, after Luxembourg.
What is the definition of safe from poverty?
What I found was this:
The at-risk-of-poverty rate is the share of people with an equivalised disposable income (after social transfer) below the at-risk-of-poverty threshold, which is set at 60 % of the national median equivalised disposable income after social transfers.
By that definition, it is not possible to have a minimum wage "safe from poverty". Since the minimum will always be below the median.
minimum wage equal or larger to 60% of median income (simplified) is considered to be not at risk of poverty, 14,60€ in germany is less than 60% of median income and thus cant be considered safe from poverty by EU standards.
Of course it's possible. The minimum wage doesn't directly affect the median wage (unless more than half the population only gets the minimum wage).
If you think it's impossible, please explain why.
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still not sufficient to be classified as safe from poverty by EU standards
save