German Chancellor Angela Merkel\'s Christian Democratic Union (CDU) is considering a minimum wage system, marking a fundamental change in the industrial policy of the European top economy. The motion will be submitted for open discussion at a CDU party congress on November 13-15. \"The chancellor sees it (minimum wage) as an issue concerning the dignity of work,\" Georg Streiter, a spokesman for Merkel, was quoted by local media as saying, hailing it a revolutionary step as it totally broke away from the party\'s previous stance. \"The question is no longer \'are we going to have a minimum wage,\' but how we are going to negotiate its exact level,\" said Labour Minister Ursula von der Leyen, who is also from the CDU party. The proposition of a single minimum wage has long been snuffed by the ruling centre-right coalition headed by CDU, saying the move could retard jobs creation and that individual sectors should set salary agreements with their employees bansed on market conditions. This policy shift is largely considered preemptive by the chancellor\'s center-right political group to woo the votes from the middle class ahead of the 2013 general election. The minimum wage motion would have to be determined by a commission using wages for temporary work as a guideline and not imposed by the state, according to the plan. Labour activists in the CDU welcomed the move. Germany has minimum hourly rates for some industries but not for the whole economy. The lowest rate is 6.89 euros (9.58 dollars) per hour.
GMT 09:54 2018 Tuesday ,23 January
Davos-bound bosses very upbeat on world economyGMT 09:37 2018 Tuesday ,23 January
Former KPMG executives charged in accounting oversight scamGMT 22:49 2018 Sunday ,21 January
Brexit special trade agreement possibleGMT 22:46 2018 Saturday ,20 January
China economy rebounds in 2017 with 6.9% growthGMT 22:37 2018 Saturday ,20 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 19:58 2018 Saturday ,20 January
Watchmakers hope to make Chinese market tickGMT 19:54 2018 Saturday ,20 January
US shutdown unlikely to harm debt rating: FitchGMT 19:50 2018 Saturday ,20 January
EU's Moscovici slams Ireland, Netherlands as tax 'black holes'Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor