Minimum wage increases and the economic consequences

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excluded from the minimum wage: Employees under 18 years of age who have not completed vocational training (students) Trainees (since 1 January 2020 there has been a separate minimum wage for trainees ) compulsory interns (e.

g. from a university) Voluntary interns whose internship duration does not exceed three months volunteers Depending on the working hours, employees in the catering industry can receive additional pay. Note possible additional payments for working at night , on public holidays or on Sundays . The luxembourg phone data increase in the statutory minimum wage since November 2020 Since November 2020, the minimum wage has been increased in several stages as part of the third and fourth Minimum Wage Adjustment Ordinance: cut-off date minimum wage (gross/hour) January 1, 2021 9.50 euros July 1, 2021 9.60 euros January 1, 2022 9.82 euros July 1, 2022 10.45 euros October 1, 2022 12.00 euros January 1, 2024 12.41 euros January 1, 2025 12.82 euros In order to keep up with the rising costs for your employees, it is a good idea to check your income regularly. Perhaps it is time to adjust the prices of your dishes so that you can compensate for rising costs in salaries and also in purchasing. Our tips against inflation in the catering industry can help you make changes and save in the right places. Good to know: Unlike in Germany, there is no legally regulated minimum wage in Austria and Switzerland.

The minimum wage was introduced to protect workers from wage poverty and to ensure fair competition for market participants. Federal Labor Minister Hubertus Heil (SPD) therefore continues to emphasize the importance of "performance-based fairness" and explains that good work deserves appropriate remuneration. However, the minimum wage regulation has been criticized from the start: business associations argue that rising minimum wages lead to higher personnel costs , which could overburden small businesses in particular. Larger companies express concerns about their competitiveness on the global market . According to critics, this could lead to a significant loss of jobs and productivity. However, employee unions such as ver.di consider these criticisms to be exaggerated and point to studies that show the opposite results. Since the introduction of the minimum wage in 2015, economic model calculations that predicted job losses have proven to be wrong. According to the German Trade Union Confederation (DGB), an increase in the minimum wage acts like an "economic stimulus package" in the short term by increasing purchasing power. It would also make costly state "top-up measures" superfluous. Specific effects of the minimum wage on the catering industry Some experts were particularly critical of