Posted on 07/15/2013 10:45:23 PM PDT by Olog-hai
German industry is largely in favor of a minimum wage, a new survey shows. Yet despite the opposition Social Democrats putting it high on their agenda, managers still do not trust the party with the economy.
A survey of German managers conducted for the Handelsblatt business newspaper showed 57 percent wanted a mandatory minimum wage in the country. Those in service industries were the most in favor, with 61 percent saying they wanted a minimum wage.
An hourly rate of €8.88 ($11.60) was considered suitable, the managers told pollsters from Forsa who carried out the survey. This is more than the €8.50 ($11.10) an hour promised by the Social Democrats. …
(Excerpt) Read more at thelocal.de ...
It seems that they want to join the rest of the EU in the economic whirlpool going down the bathtub drain.
Cost of living in Germany isn’t cheap. 11.50 an hour is going to barely get you by. Gas is extremely expensive.
The interesting thing for me is that they didn’t ALREADY have a minimum wage.
A minimum wage is a political tool. It is used by the left/unions to push up all wages.
The end result of minimum wages is high youth unemployment and high union wages. Low skilled union labor wages rise and low skill entry level jobs disappear.
I don’t necessarily disagree with you. I just think it’s interesting that in the European ideal .. that the left is always barking about... Germany had no minimum wage.
Doesn't public transportation take you everywhere? I believe that German gas taxes are used to pay for universal health care and public transportation. Which it should given that they come to $50b per year, compared to about $25b for the Federal gas tax, considering that we have 25x the land area.
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