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Christine Aumayr Pintar , Carlos Vacas Soriano ,

Minimum wages rise, but more slowly

Carlos Vacas-Soriano
The dilemmas for decision-makers setting 2021 minimum-wage rates were aggravated by the pandemic. Their usual concerns, to strike a balance between adequate wages for the lowest-paid and safeguarding jobs and businesses, were amplified by the challenging economic outlook: growing unemployment, downward pressure on wages and huge uncertainty. The disruption to normal negotiation and consultation processes, caused by the virus-containment measures, exacerbated these challenges.
Were statutory minimum-wage adjustments affected by this troubled economic situation? To some extent, yes: while rates have risen in 2021 across most countries, the magnitude of the rises has been lower than for a year ago.
Christine Aumayr-Pintar ....

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