The Federation of Employers and Industrialists (OEB) states that the 8.8% increase in the national minimum wage is disproportionate, may cause inflation, and negatively impact economic competitiveness.
The Federation of Employers and Industrialists (OEB) has expressed concerns regarding the recent decision by the Council of Ministers to increase the national minimum wage by 8.8%. This increase raises the minimum wage to 58% of the national median wage, compared to 48% in the Netherlands, 51% in Germany, and 54% in Luxembourg.
The OEB states that the minimum wage is not a tool for social policy but a baseline for workers over 15, regardless of qualifications or experience. The significant increase could lead to inflationary pressures, as businesses that can pass on costs will do so, while others may face viability issues.
The federation emphasizes that the increase may negatively affect workers’ real incomes and reduce the competitiveness of the national economy. It will monitor the macroeconomic impact of this change closely.
