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Do we need new rules? The EU's new minimum wage rules highlight challenges and the need for balanced strategies. Here some personal ideas: 1️⃣ Support SMEs: Tailored incentives and reduced bureaucracy can help businesses adapt. 2️⃣ Invest in Skills: Education and training empower workers to secure higher-paying jobs. 3️⃣ Foster Innovation: Policies that promote R&D and startups drive economic growth. A sustainable future lies in addressing wage gaps while enabling business growth and job creation. #EconomicBalance #FairWages #EUInnovation

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Minimum wages vary wildly across the EU, with many people unable to afford a decent standard of living.    On 15 November, new rules take effect that will require EU countries to make sure people living on minimum wage can afford a decent standard of living.   The new rules aim to do this by obliging EU countries to:   💶 Ensure minimum wages are sufficient for a decent standard of living through monitoring. ⚖️ Support collective bargaining between workers and employers to help set fair wages. 📜 Strengthen workers’ access to minimum wage protections under national laws.   Parliament expects that these changes will lead to significant wage growth in the EU and help close the gender pay gap, as 60% of minimum wage earners are women.   MEPs approved the new rules back in 2022, it is now up to EU countries to implement them.   As these new rules roll out, expect to see shifts in the wage landscape aimed at reducing in-work poverty and promoting fair labour standards across the EU.   For more information about how the new rules aim to end in-work poverty: https://europa.eu/!VPRTC6

  • A map of the minimum wages in the EU, measured by gross monthly salary in euros. Results include: Portugal: 956, Spain: 1323, France: 1766, Ireland: 2146, Luxembourg: 2570, Belgium: 2070, Netherlands: 2134, Germany: 2050, Czechia: 755, Poland: 977, Lithuania: 924, Latvia: 700, Estonia: 820, Slovenia: 1253, Croatia: 840, Hungary: 675, Slovakia: 750, Romania: 743, Bulgaria: 477, Greece: 968, Cyprus: 1000, Malta: 825, No data for Denmark, Sweden, Finland, Austria and Italy. Source: Eurostat.

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