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EU workers see record fall in value of minimum wages
14. September 2022Record fall in value of statutory minimum wages
Europe’s lowest paid workers have seen the value of their wages fall by up to 19 per cent this year, representing the biggest fall in real minimum wages this century, an ETUC analysis of Eurostat data has found.
Statutory minimum wages have risen by an average of 7,6% over the last year in the 21 EU countries which have one. But, in the same countries, the rate of inflation has increased by an average of 12,4%.