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Germany Proposes to Raise Minimum Wage in 2024 and 2025

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to €12.41 ($13.53) per hour in 2024, followed by a further 3.3% per hour in 2025, according to Reuters. The future consequences on the workforce will hinge upon the ability of the new minimum wage to effectively counter inflation and uphold the purchasing power of workers in Germany. increase to €12.82

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