Germany: Minimum wage to increase to $13.51 in 2024

Berlin: Germany is set to raise its minimum wage to €12.41 ($13.51) per hour beginning on January 1, 2024, based on new recommendations from the country's Minimum Wage Commission. The current minimum wage is €12 per hour.

A year later, on January 1, 2025, the minimum wage is to be raised again, to €12.82, according to the recommendations, which are almost always put into effect by the German government.

Every two years, the commission, which is made up of representatives from companies, trade unions and science, issues a recommendation on the future level of the minimum wage.

Labor representatives on the commission, however, opposed the minimum wage hike as insufficient for workers hurt by high inflation.

"The resolution comes at a time of weak economic growth and persistently high inflation in Germany, which poses great challenges for companies and employees alike," the commission said in its decision.