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Economics minister warns of too high a minimum wage – Baden-Württemberg

Stuttgart (dpa / lsw) – Baden-Württemberg’s Economics Minister Nicole Hoffmeister-Kraut (CDU) is resisting a significant increase in the minimum wage through new legal requirements. The CDU politician said in Stuttgart that with the recession as a result of Covid-19, the effects of the statutory minimum wage in Germany would have to be observed for the first time in a phase of economic downturn. “That is one of the reasons why I would advise against intervening in this well-balanced system. Against the background of the economic effects of the pandemic, further developments should now be awaited. “

The CDU politician also warned that a disproportionate increase in the minimum wage could lead to the loss of jobs with low qualification requirements and impair the positive development of the economy. At the beginning of the new year, the statutory minimum wage rose from 9.35 euros per hour to 9.50 euros. A further step-by-step increase to EUR 10.45 by mid-2022 has already been decided. The increases were recommended by the minimum wage commission, which is primarily made up of unions and employers.

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