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If we want to start talking about next year’s minimum wage increase, we first need to look to the past. As we all know, 2020 was the year of the pandemic, and that brought with it, among other things, a significant downturn in the economy, and with it a fall in labor productivity. The private sector responded logically by reducing the growth in average wages. But not all businesses had this option.

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The European Commission has proposed options for possible EU action addressing the challenges related to fair minimum wages in the EU. The initiative has a general objective to ensure that all workers in the EU are protected by fair minimum wages, allowing for a decent living wherever they work.