Minimum wage increase irrelevant to unemployment, productivity
IN NEWS
Unions, bosses and government officials last night revealed at a joint meeting that the increase of the minimum wage has had little effect on the creation of jobs.
According to unions, increasing starting wages to 530 euros a month at the beginning of the year did not result in workers losing their jobs nor did companies stop hiring new staff.
Bosses on the other hand said that while their salary bills have climbed, productivity of workers has remained unchanged, despite their higher earnings.
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