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Germany Just Has Finally got a Minimum wage

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Germany Just Has Finally got a Minimum wage  Empty Germany Just Has Finally got a Minimum wage

Post by veya_victaous Tue Jul 08, 2014 4:32 am

http://thinkprogress.org/economy/2014/07/05/3456687/germany-minimum-wage/

On Thursday, Germany’s parliament approved the country’s first ever minimum wage at €8.50, or $11.60, an hour.

The new minimum will take effect in 2015 with a two-year transition period for some businesses. The law also allows some groups to be paid less, including people under 18, short-term interns, and the long-term unemployed. Future increases will be set by an independent commission made up of unions and business representatives, and the first increase could come as early as 2017.

Before the passage of the law, Germany was one of just seven countries out of the 28 members of the European Union without a minimum wage.

And it is already far outpacing the minimum wage in the United States. Ours currently rests at $7.25 an hour and hasn’t been raised in five years. It’s lost much of its purchasing power to inflation over the years; if it had kept up with it since its peak in the 1960s, the wage would be over $10 an hour. And if it had kept up with increases in workers’ productivity, rewarding them for their harder work, it would be nearly $22 an hour.

President Obama and Congressional Democrats have pushed for raising the minimum wage to $10.10 an hour, but Republicans blocked a bill that would have done just that. Despite warnings that a higher minimum wage will cost jobs, states that have raised their minimum wages have experienced healthy job growth, even among small businesses. A $10.10 wage would also lift millions out of poverty, particularly helping women and people of color.
veya_victaous
veya_victaous
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Germany Just Has Finally got a Minimum wage  Empty Re: Germany Just Has Finally got a Minimum wage

Post by veya_victaous Tue Jul 08, 2014 4:47 am

and based on the comments at the source

Americans don't actually realise how low their wages are and how low the standard of living is for many Americans is compared with the rest of the Civilised world (no point looking at 3rd world nations.. unless you want to be 3rd world Suspect )

American Buying power is a t the expense of quality. YES you can get a Burger much cheaper in the USA... but the meat that is used in the patty is Probably of such low grade it is illegal to sell as dog food here, tacos are definitely like that.. the grade of mince below 'Pet mince' that is not allowed to sold here is called 'taco mince' because taco bell buy so much of it for use in the USA :aspukeas: 

Some people understand that the USA has been giving the benefit of decades of improvements to the Corporations and let the average Joe become a little better than a slave. ... But it still astounds me the " 'Murica the bestest " attitude some Americans trying to justify the shit way the USA treats it's lowest paid  No  No  No 
veya_victaous
veya_victaous
The Mod Loki, Minister of Chaos & Candy, Emperor of the Southern Realms, Captain Kangaroo

Posts : 19114
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