Saturday, November 23, 2013

German Wage

From the BBC:
"Angela Merkel clears way for national minimum wage"

The German Chancellor, Angela Merkel, has signalled the likely introduction of a national minimum wage in Germany. Mrs Merkel, speaking at a meeting of business leaders, said that it was clear that the opposition SPD "would not conclude coalition negotiations without a legal minimum wage". The chancellor's own party has long opposed a national minimum wage. Negotiations to form a new government after elections in September are continuing between the two parties. Mrs Merkel was giving the opening address at a conference of business leaders organised by the Sueddeutsche Zeitung newspaper. The chancellor was sending a signal to the Social Democrats (SPD) that she is prepared to compromise, the paper writes. The outcome of the election meant that a grand coalition between the SPD and Mrs Merkel's Christian Democrats, along with their Bavarian sister party, is the most feasible governing combination. The CDU's coalition partner in the outgoing German government, the Free Democrats, failed to win any seats in the new Bundestag.

^ It's about time Germany. You have been so ultra-socialist since the late 1800s when you created the first nation-wide healthcare and yet you don't have a national minimum wage? That makes no sense. Apparently, the debate is far from over so they may not pass it into law. ^

http://www.bbc.co.uk/news/world-europe-25035217

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