Raising wage floors is one way to reduce inequality and stimulate recovery in Europe. A big uplift in the Spanish minimum wage this year provides a test bed.
Wages grew and wage inequality fell in most EU countries in 2015. Germany is not one of the countries where wages rose most but it did have the largest reduction in wage inequality. Our analysis shows that the German minimum wage policy introduced in 2015 significantly lifted the wages of the lowest-paid employees, particularly the […]