More purchasing power: real wages in Germany continue to rise
The increase in the statutory minimum wage to 13.90 euros per hour at the beginning of the year benefits mainly low-wage earners.
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Summary
The increase in the statutory minimum wage to 13.90 euros per hour at the beginning of the year benefits mainly low-wage earners. Apprentices had in the second quarter nominally 6.0 percent more than a year earlier, marginal employees earned 4.7 percent more. In the period April to June of the current year, according to the Federal Statistical Office, a nominal wage increase of 4.1 percent was offset by a rise in consumer prices of 2.5 percent.
Furthermore, Low-income earners benefit from higher minimum wages An above-average increase in nominal wages was in the second quarter, therefore, in agriculture and forestry as well as fisheries (plus 8.9 percent), energy supply (plus 7.6 percent) and in the financial and insurance industry (plus 7.5 percent). According to calculations by the Federal Office, the lowest fifth of full-time employees recorded the highest increases in earnings with an average of 6.7 percent. The wage increase was below average in the fields of art and entertainment (plus 3.4 percent), education and teaching (plus 2.4 percent) and freelance, scientific and technical services (plus 1.8 percent).
In addition, This is good for people’s purchasing power. (Symbol image) Photo: Monika Skolimowska/dpa-Zentralbild/dpa Wiesbaden.
Cross-referenced from 2 sources.
Factual coreconfirmed by several independent voices
The increase in the statutory minimum wage to 13.90 euros per hour at the beginning of the year benefits mainly low-wage earners.
reliability low1/2 sourcesApprentices had in the second quarter nominally 6.0 percent more than a year earlier, marginal employees earned 4.7 percent more.
reliability low1/2 sourcesIn the period April to June of the current year, according to the Federal Statistical Office, a nominal wage increase of 4.1 percent was offset by a rise in consumer prices of 2.5 percent.
reliability low1/2 sourcesLow-income earners benefit from higher minimum wages An above-average increase in nominal wages was in the second quarter, therefore, in agriculture and forestry as well as fisheries (plus 8.9 percent), energy supply (plus 7.6 percent) and in the financial and insurance industry (plus 7.5 percent).
reliability low1/2 sourcesAccording to calculations by the Federal Office, the lowest fifth of full-time employees recorded the highest increases in earnings with an average of 6.7 percent.
reliability low1/2 sourcesThe wage increase was below average in the fields of art and entertainment (plus 3.4 percent), education and teaching (plus 2.4 percent) and freelance, scientific and technical services (plus 1.8 percent).
reliability low1/2 sourcesThis is good for people’s purchasing power. (Symbol image) Photo: Monika Skolimowska/dpa-Zentralbild/dpa Wiesbaden.
reliability low1/2 sources
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