Average minimum wages in EU countries rise “strongly”

Average minimum wages across the European Union (EU) had recently been raised “strongly”, according to a study published by the Institute of Economic and Social Research (WSI) within the Hans Boeckler Foundation on Thursday.

Within one year, minimum wages in EU countries increased nominally by 6.0 percent and by 4.4 percent adjusted for inflation, according to the study. Both figures were “the second highest growth rates in the past two decades.”

Austria, Finland, Sweden, Denmark and Italy were the only EU countries without a minimum wage, according to the study. For most of these countries, however, there was “a very high level of collective bargaining coverage.”

At the beginning of the year, 18 EU countries had increased minimum wages. Britain was planning an increase in the coming weeks. “2020 could be the year of the minimum wage in Europe,” said WSI wage experts Thorsten Schulten and Malte Luebker.

The study noted that the “more vigorous increases” were the result of debates and individual government initiatives aimed at “raising minimum wages to a level that would guarantee living standard.”