Will the EU-Wide Minimum Wage affect YOU?
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- Опубликовано: 24 сен 2022
- The European Parliament Voted in favor of new Legislation regarding an EU minimum Wage Directive. This video will look into how this law will work in the Member States and how it may affect your salary. This is part of my EU legislation series where I will do quick 2-3 minute videos regarding EU Legislation.
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Channel homepage:
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Key Resources:
Source 1: Euronews, What are EU Member State Policies on Minimum Wage
www.euronews.com/my-europe/20...
Source 2: European Council, Adequate Minimum Wages
www.consilium.europa.eu/en/po...
Source 3: European Council, Minimum Wages, Council and European Parliament reach provisional Agreement on new EU Law.
www.consilium.europa.eu/en/pr...
Source 4: Expatica, Cost of Living in Luxembourg www.expatica.com/lu/moving/ab...
Source 5: European Commission, Renewable Energy Directive Targets and Rules
energy.ec.europa.eu/topics/re...
Source 6: Euractiv, EU Parliament Approves Minimum Wage
www.euractiv.com/section/econ...
Wait, if you earn the minimum wage in Luxembourg and rent a one-bedroom apartment you still have 657€ left to spend? In Lisbon, Portugal, you have 0€ left.
Thank you golden visas and Airbnb ❤️ Agora em Português, as taxas municipais turísticas deviam aumentar, Lisboa e Porto estão afogadas em turistas, o elevador de santa justa e os elétricos, que antes serviam a população, servem agora os turistas, os restaurantes e companhia aumentaram os preços, porque sabem que os estrangeiros têm um maior poder económico e, como consequência, os portugueses ficaram a perder. Até em Coimbra já se vêem mais turistas na via latina do que estudantes. Essas taxas podiam cobrir os custos para a reabilitação de edifícios do estado, que poderiam ser utilizados para programas de rendas acessíveis. Considerando o salário mínimo nacional, as rendas, no máximo dos máximos deviam custar 350 euros, não mais do que isso (tirando zonas nobres, como é óbvio) e o que mais se vê em Lisboa (e agora também no Porto) são rendas para T0 e T1 na casa dos 500/600, um absurdo de todo o tamanho. Em Coimbra por um quarto pedem 350, se quiseres um apartamento novo, um T2, por exemplo, custar-te-á 250 mil euros (só se fazem casas para a classe média alta/alta, o resto da população continua sem acesso a apartamentos acessíveis)
@@thejecs8 Não seria melhor aumentar a quantidade de tais profissionais por meio de incentivos? Assim vocês mantêm o turismo
Same in Luxembourg City. Lisbon isn't a country...
@@celluskh6009 It has the same minimum wage as the rest of the country...
@@JoaoSantos-ur1gg So does the city of Luxembourg...
The collective agreements are usually made with trade unions and collective employers unions, not between unions and individual companies. At least in Finland.
Same for Austria
Same difference. The companies are bound by that agreement. Unions are practically dismantled in Sweden anyways, this all bs. People are working for free now. And all the remote workers in India. The govts. are stupid.
Collective employer unions - - > companies (plural)
Trade unions - - > employees (plural)
@@johnwt7333 exactly, people still believe a union represent a collective worker association 🤦♀️
thank you for this awesome video series! you are providing a massive benefit with this. as an eu citizen with a busy life, it's very difficult to know what is going on in eu legislation, and as we've experienced multiple times in the eu, it's easy to get disillusioned about the eu when you don't know what it's doing for us. I really appreciate your efforts to provide an accessible source of information and will be following along. :)
Great to hear! thanks for being part of it :)
Love the 2 min format!!!
i very much enjoy the short videos and to the point!!! please dont make them longer than they need!!!
great video!
Great video mate, consider making longer videos.
thanks you for the information
According to these new criteria, in Slovakia the minimum wage must rise to 700€ or 870€ (calculated for median and average wage in 2021) respectively (depending on the choosen metric), from the current 646€ (2022).
Yeah, I smell BS here. Especially, that yearly inflation is about 20%.
The problem is that this could potencially be extremely unfair.
If minimal salary in Slovakia will be 870 eur, I will end as CNC programmer and I will go clean toilets to Slovakia for only little less money and with no responsibility, no skills needed, no education needed, you can have a vacation 4 weeks in one time because everyone can replace you in your job.....
The minimum salary in Slovakia from 01/01/23 is set at 700 EUR. Criteria met. Check.
if companies, want to make sure, people switch of, to another company, because minimum wage is almost the same, they will have to increase the wages toi
The minimum wage in countries like Romania being considered 515€ is such a joke, in reality you never even see half of that because it goes to taxes. The EU minimum wage should be based on the net salaries of workers, not on gross income. Basic common sense.
All countries pay taxes
@@hellomycating Yes, that's the point. But some pay 60% minimum, others pay 10% minimum. At the end of the day what ends up in the employees pocket is all that matters...
@@thedave8097 Which is not possible as taxation is done on an individual basis, so it can only be set before taxes. What you pay in taxes in most countries heavily depends on a range of deductible expenses and your family situation. iE for Austria, it depends on the number of children you have, you might have deductibles for building a house or for a variety of professional expenses, how far away you live from your place of work and wheter you are able to take public transport, wheter you pay church tax, donate to certain charities ... . It can differ wildely.
@@stefanmaier1853 In France, I may be wrong but I think the minimum wage is a net salary. Many taxes are paid by the employer. The net salary takes them into account, but there are remaining taxes up to you like income tax which depends on your family situation, and the local taxes on your home, the land you own...
So it's like ~300 euros after taxes( considering all the taxes amount to about ~40% )
Really good content!
Good job! Keep it up 👍🏼
Good video keep going 👍 👏
sounds like a great idea!
with the best intentions !
what could possibli go wong
Bulgaria will be going by the 50 percent of Gross Average salary. From January the minimum wage will be around 450-460 euros. We just need an active parliament to implement it, which will start from next week.
@@cooljohn12000Increase by 100 euro
Is 450-460 EUR enough? How much do you think is needed a month to have a decent life in Bulgaria?
Minimum wage can't get you a decent life anywhere in the world lol. But you could survive on 450 euros if you live in a smaller town/village. While in the bigger cities minimum wage is basically not a thing. From looking at job offers with posted salaries in my city, even low-skilled jobs like McDonalds pay at least 600 euro gross, so neither the current minimum wage, not the supposed increase will make any difference. Although in other parts of the country and smaller cities, it might not be that way.
@eggie, in Bulgaria they still have the currency of Lev, the strongest currency in the Eastern Europe.
450 € for us are 900 € for them. Also, they have a stabilization for taxes, unlike Greece.
Bulgaria have Tax 15% for everything when Greece has 13% and 24%.
@@oeuf123456 Depends. 450€ equals to 900 Bulgarian levs, which is enough to live here. After all, taxes, electricity bills in Bulgaria are much cheaper than the other EU states. Maybe if it was 200-300€ more it would be perfect but keep in mind that it's the minimal wage.
Thank you, I was afraid the minimum wage would fuck with the bargaining system, but luckily we are excempt
exempt
Would’ve loved to see some sort of calculation on the minimum wages following the passing of these laws, especially in those countries with the current lowest minimum wages.
yes should have added that. its a good idea. Trying to keep these very short though. So that I can focus on my longer videos where I go into more detail
@@EUMadeSimple Minimu wage in Portugal is 750€(next year), 823€ is about avarge.
@@telmomoreira7616 pls first inform yourself before writing bullshit. More than 90% of eu countries receive 12 times a year, thats the norm. In portugal you receive 14 times a year, so its not fair comparing salaries 1 to 1. So if you multiply 705 x 14 and then divide by 12 you will get the 823€. Thats the number you can use to compare with the rest of europe. Next year it will be 875€. And the average salary you talk is complete bullshit. It was reported on 4 september that the country average last month was 1588€ before taxes.
@@EUMadeSimple what an excellent excuse for making videos for views and not even telling the entire story as you are too lazy to research it
@@telmomoreira7616 you mean they will raise the minimum salary to 750 in 2023?
What is the time unit for these? They are too large for an hour of work and too little for a year of work. Is it per standard pay period (fortnightly?)?
A fortnight is only the standard period in the anglosphere (UK, USA, Australia). Those salaries are by the month.
Are you making a video on Hungary soon?
I have 1 on my channel. Was not planning on it. What would you like to see covered?
@@EUMadeSimple well considering they are being sanctioned by von der Leyen, and attempts are made to remove its veto power, it would seem appropriate to cover them on an EU channel.
If it kept up with productivity and inflation, it would just significantly higher, and if price gouging laws were put in place, people could have a much higher standard of living,
Price gouging does not exist. It is an idea made up by the communists because they don't understand the basics of economics.
Price gouging laws and price control laws increase shortages since they lower the incentivizes to fix underlining supply chain issues. Standard of living would be lowered if they were put in place.
A suggestion for a future episode that you already slightly touched upon in the past. Considering the latest CH referendum about increasing the age of women for retirement - a video about retirement plans in EU! We are all getting older, there's a population crisis and the current retirement model that was established in 19th century by Bismarck doesn't work anymore. Are there plans for an EU wide retirement reform? How do retirements look like in each country? What is written in EU legislative? Has any politician touched anything on this subject on EU level?
Love this. Made the list. Thanks
Equality is readily forgotten when it's time for women to take responsibility and not reap benefits at the expense of men. They're all feminists and empowered, but equal obligations are yuck. Why do women get to retire 5 years earlier? It's 2022 and they live longer anyway. So not only will they be a burden on taxpayers for longer due to living longer, but also due to retiring earlier.
Pensions aren't sustainable. Free this, free that, everything is "free" but really who's paying for it?
Another harmful regulations. Thank you EU.
Lebanon must join the EU 🇱🇧🇪🇺🇱🇧🇪🇺
Would have been great to have the question answered you gave in the title with some calculations
I agree. I should have included that. Other comments have said the same. Future videos I willm use examples
@@EUMadeSimple kinda imposible as that would undermine your point and show you are a 🤡
Good luck implementing that in Eastern European countries !
where did you see 774 for Greece? it's 713 mixed
614 net
I like the idea for the series and how you're explaining how EU works 😊! Keep it up.
The minimum wage in Greece from 1/5/2022 is 714€. It's not 774€ as you say.
This is the best video I have seen in a long time. I salute you, content creator!!!!
Thanks :)
that's a scam.
My gf works in germany, she had a pay increase from the state, but her weekend, celebration days that she has to work are now paid less.
also she would receive a shopping card, now no more. and her boss got rid of 50 of her overtime hours without any questions just to pay her before the wage increase.
those hours got heavily taxed. she wanted them so that she could take days off, as she works many days in a row.
is this normal? is this better?
Is this a very specific example?
@@flex8981 well that happened to all of her coworkers, over 50 people. and from what others talked, it happened at other jobs too
Your girlfriend is a scam. The earth is flat bro
@@plangiQQ there is a case study in economy about Disney world and work unions that will explain why it's always worst and that in the end never helps the worker. Look it up.
In Spain, a decree (socialist government only make decrees now, laws are not discussed in the parlament any longer) set the maximum overtime hours to 80 per year
The minimum wage in Hungary is way less than 542€.
It's gross salary not net salary.
why are the benelux countries first and then france and germany
The thumbnail: "Higher salaries"
The title: "Minimum wage"
This will only make inflation worse.
That is what the eu wants
@@NS-ln7tfthis wil be bad for millionars
minimum wage in Romania is 310 euros not 515.Probably thats before taxes
They usually take gross income, not the net one. Taxes are set by each country; it's a matter of domestic law
In Poland, people under the age of 26 are exempt from income tax if their remuneration is at the level of the minimum wage. This is quite a reasonable practice, considering that it is young, uneducated people with no work experience that are the group that usually gets a job offer from the employer for this rate.
0:22 - The minimum wage in Portugal is currently 705€. Not 823€. I don't know where you got your info, but please recheck it's accuracy.
Paid over how many months?
@@EUMadeSimple what do you mean how many months bro? Lmao. Same for Bulgaria and Greece. I work and still work from time to time in both places.Specifcly in Bulgaria if you start a job in month May they will pay you in June for the entire month of May.thus it's a wage paid every month.But it's lower than the wage mentioned in video.
@@konstandinosverzamanis5699 According to Eurostat, Minimum wage in Portugal for 2022 is €705 euros, but paid in 14 months - with the addition of holiday and Christmas allowances -, that means: (14*705)/12 = 823. Thats why it is €823 in my video. If this is wrong then I am sorry, but that is why I have labeled the sources in the description of my video.
That's right. The same happens to Greece. From 05/22, the minimum wage is 832 € because of the 14 payments ( allowances as a worker).
I think the same happens in Spain,too.
@@EUMadeSimple I'm from Portugal , your sources are correct , its 705 paid in 14 months wich makes it 823 .
Finally something good Being done for workers
you doing better than the US where the minimum wage is less than a third of the median wage your on track with Australia where it is just Over harlf when you add in taxes
Come back in a decade and repeat how great it was for workers 😂
So nations using minimum wages today can't switch to collective bargaining only if they say get 70% of the workforce covered by such a bargain?
Laat me raden, je bent nederlands?
Ben ik :) goed gehoord
In Germany the minimum wage is from now on 12€ an hour
Do you think it’s enough? I have image that Germany does have high cost of living e.g. rent is too high vs salaries
@@oeuf123456 Rent is cheap. The Killer is the sidecost for heating and energy this year
Well, the average Salary in Poland is quite high artificially, I wonder whether they will want to base minimum wage on that. Minimum wage is nice and all but EU economy is loosing it's competitiveness, such high level legislation might make us even less flexible than we are now.
And what If a country wants to make minimum wages higher than allowed by these rules, e.g. if there is a political campaign to raise the minimum wage so that it is higher than allowed by these rules?! Do these states get punished for this in the future?! That would be unfortunate.
no ofc not
In Croatia 🇭🇷 good if Have Connection. It's a must. If honest.... :(
this is going to be really rough on member countries with high unemployment
Increases in minimum wage in countries with high unemployment (Such as Spain, which increased it by 20% in 2021) have had very little bearing on unemployment
@@alanclark8342 Yes but will either lead to a bakruptcy of the given state or ECB will have to print more money which means that effectively, it will be paid for by rich countries that were making good decisions.
@@SkyrimCZtutorials if you can’t afford to pay your workforce and rely on cheap labour maybe you shouldn’t run a business?
@@taavi948 if ur smart u relocate where the labor is cheap to increse profit and voilá u have a china with euro tech and european in unemployment. Basic common sense.
@@taavi948 I was an IT Systems & Networks administrator. I was getting 24500€ in 2007 and was fired because I was too expensive. I've been 16 years unemployed now 😐
It could have helped Italy -_-
But they pulled out,
The de facto minimum wage in Italy is around 600 euros -_-
Which is pretty low when you look at other comparable countries like Germany or France.
@@paul1979uk2000 or even Spain, Greece and Portugal...
@@paul1979uk2000 hell its even close to romania and that says A LOT
@@pikpikyn Because Italy is financially more next to Romania than Germany
When I lived in Italy, 3 years ago, and told people that the minimum wage in Greece was 690 at the time, it seemed too low for them. It can't be 600 in Italy itself. A one-person room in Rome costs 350-450 euros + public transportation card 50 euros (more or less, can't remember exactly). So that would leave an Italian with minimum wage, leaving with other tenants under the same roof, with 150 (more or less) to pay for anything else which isn't possible.
Can you make some videos about common EU infrastructure projects? Regards 😊
I will look into it :)
EU inflation is higher since it was created, higher minimum wage will only bring more inflation. Bigger salaries without more productivity just wastes paper.
Well, if what you say is true, this law would make the french minimum wage go from 1600€ raw. To 1060€ raw.
Which would pretty much make the whole country explode.
So yeah. EU being EU again, this law will be ignored by most of the countries.
The minimum wage in Romania is barely 300 euros (roughly equivalent to the median rent for a 2 room apartment)..... on the graph it shows 515 euros, which is an outright lie. A minimum wage worker can't even afford to rent a box and can barely cover his monthly food requirements.
Won’t be eea/efta only nations
Bulgaria here. We don't even feel like we are in the EU. 😭😆
Romania here...same problem🤣😭
same in portugal....
So minimum wage in Bulgaria if going according to current median wage would become either ~425€ or ~510€ which at best would match the current minimum of other member states, lol that's just sad
Evern Berlin with all the protesters is cheaper Prague in absolute numbers. And you earn 2.5-3x more in Germany...
Not in Berlin. Berlin is the only european city which has lower wages and life quality than countryside (german). Berlin has the same problem as Prague in housing, it used to be really cheap city, but rents have increased too much In recent years. But if you calculate your wage in Berlin and expenses, you will not be much better than in Prague. Actually Prague looks the same or more developed. Im from Prague but lived in Berlin. My friends who were construction workers (electricians, installers) had to live 5 in 3 room housing on outskirts of Berlin, because they couldn't afford to live on their own in Berlin and save some little money for average salary as construction workers. So Berlin is not that rich as you think. Actually in high-skilled jobs like IT, law, architecture, marketing, banking or hi-tech, you can probably have better life in Prague than in Berlin for the same job. + Prague has lower crime rate and actually looks cleaner in most parts. And Prague is just way more beautiful (Berlin was great but thanks to its culture and art scene)l
@@Aggoenix Rents in Berlin are not high in comparison to any other area in Germany. It's just the Berliners are used to very, very cheap prices and now got average prices.
Why should a qm in Berlin - a capital - be cheaper than in the middle of nowhere on the countryside.
People from Hamburg, Frankfurt, Munich, Dresden or any other big city laugh about the complains in Berlin
@@Aggoenix I spent years 2018-2020 in commuting weekly between Prague and Berlin holding flats on both places. Way better in Berlin...
@@Aggoenix actually ur friends (and a lot of peeps problems) is an architecture and licencing problem.
I'll explain: europe was built with family size apartments in mind but europeans have changed. Now there are a lot of european singles or even couples with no kids of even just 1 kid but the apartments are not for these, they are big for families with the nona, and 3 kids besides the husband and wife and even a room for the distant cousin that came to visit. In addition, municipalities just don't license the division of said apartments into smaller ones so that the market can be floaded with said very procured option thus driving the rent down. Nothing to do with salaries but about architecture and licensing.
@@puraLusa Do you want even smaller homes? The normal home here was always 60 m2 for decades (1960-1990). Anything smaller is just a locker!!!!
At least, normal sizes have increased to 90 m2 in this century. But they're also more expensive, you need 10 years of full salary to pay them back.
ok
Ireland's minimum wage is 1,656.20 EUR per month or €10.50 per hour
But that's not enough for normal life there I guess. I have like 1000 eur after tax and it's not enough even here in Czechia if you live single and you have to pay rent alone.
@@Pidalin In Spain, the mimimum before taxes is 1080 euros... after taxes can perfectly be about 875. If a rent in Madrid is 800-1000 euros, that's even tougher!
@@BlackHoleSpain Here you pay like 800 eur for rent of apartment in Prague and you can have salary like 1000-1400 eur after tax, definitely not more as an ordinary employee, minimal salary is 720 eur, try to survive with that. 😀 But most of our employers are cheaters who give you small salary officially and other money "on hand" so most of people have more money than they admit.
great. nothing will happen in italy because 80% of the workers is coverd with shitty salaries.
Austria has about 95% of employees in collective contracts: www.oecd.org/employment/collective-bargaining-database-Austria.pdf
(Would have been useful to include in the video who will be affected by the action plan.)
I'm pretty sure in Luxembourg is slightly lower than that since I got only 2000 a month when I've been there
@@carloandreaguilar5916 it's Luxembourg, the salary is high because there is less taxes.
Luxembourg has an imposed yearly salary progression to try to keep pace with inflation. Believe it or not, wages used to be higher in Germany, but they never implemented this. Now their wages are shit 🙃 but don't worry, unchecked capitalism is totally your friend.
Can I ask where you got the minimum wage numbers? You have Ireland at €1,175. The minimum wage is €10.50 per hour.
Check the first link in the description of my video :) IT will take you to Euronews who took the stats from Eurostat. The values are per month.
@@EUMadeSimple Oh I see, I was confused cuz the minimum salary in Portugal is 705, but we are paid 14x a year. The 823 is probably our yearly salary divided by 12 instead.
@@EUMadeSimple they must have made a mistake as when I go to Eurostat directly it's 1,656.20 EUR per month
I just started working in the Netherlands as Java developer but I earn more then twice the minimum wage. I didn't knew I earned so much.
But on the other side I still cannot afford a to buy a house in the next 5~6 years :(
Maybe you should start seeing the context around you then instead of complaining about not being able to buy a house in 5 years after you started you new job... Most young people in Greece work for the minimum wage (which is a problem on its own, too many people get the miniimum income) and won't be able to buy a house in the next 50 years lol. You should be thankful for your job and your income which I'm sure allows you to buy pre-pilled vegetables from AH instead of searching for the cheapest ones in sale across the supermarkets of your neighborhood.
Bruh in hungary in your can't expect to buy a haus in your entite life
Here in Spain only engineers with 10 years experience earn twice the minimum wage. Maybe head of departments with several dozen people under his command, get to earn 3 times the minimum wage. And maybe a CEO gets 4 times the minimum wage. Even them, have to spend 10 years of full salary to buy a 100 m2 apartment in a 10 stories building.
I think the E.U. committee needs to be abolished, so the E.U. parliament (actual representatives of the people) would be in charge.
Brava Italia!
Im sorry for your fascist government, stay strong!
@@danielszekeres8003 I hope someday people will stop absolutely crapping their pants everytime they see a right-wing politician.
@@HeortirtheWoodwarden maybe if right wingers become a non existential threat
Man merkt sehr Stark das dies der Kanal eines Deutschen ist.
Ist es aber nicht :)
The question that hasn't been answered either by this video or by the EU is this:
Who will pay for this minimum wage and how does this benefit the people?
Since the companies will not shoulder the burden and the EU has NO money of their own then it'll be paid for through higher prices, which in turn reduces the benefit of a minimum wage.
How does this benefit the average person? It doesn't, it 'gives' them money with one hand and forces them to pay extra for everything they buy.
Another useless EU directive made to make you think the EU does more for you than your country does.
Minimum wage in Ireland is 1,762 euro per month. Why do you RUclipsrs always use outdated figures?
In Romania the wage is just ridicoulous and even i as a national wonder how do people survive in this country with the medium wage 😂.
A little summary of what i meant. Go to kaufland, lidl, auchan, carrefour whatever in Romania, now go to germany. Good. Noticed a difference? Romania’s groceries are more expensive(not much more but still)
Germany has the gross minimum wage the same number exactly as romania’s net minimum wage where 1 euro is 5 ron and the food is more expensive here.
Going on with rent. 1 bedroom appartments cost roughly between 150 euros(not ron) all the way to 450 euros, depending on the city and surface. Average is 200-250 euros a month across country. The medium wage(not minimum) is 600 euros net. With utilities included roughly more than half of your sallary goes on living which is alright i guess but keep in mind this is the medium in which more people live with a wage below it, all the way to 120% of your sallary goes on living.
Lets talk germany, 1 bedroom and an open space living room costs 1000-1200 euros a month cross country, maybe even less unless we talk metropolitan like munich and berlin. With utilities you can survive on the minimum wage in germany and not go in debt, where most people get paid more than that and we’re talking 2 rooms, not 1 like in romania. So something needs to be done.
Either make 1000 euros minimum wage and control the housing so that prices don’t grow ponderate to the new sallaries or decrease the prices since it’s abnormal
Romania's GDP is nearly 1/20th that of Germany's with 1/4th of the population... You are asking for your government to summon money out of nowhere to fund your social programs. You are comparing a second world country with one that has always been a first world nation, and also economically strong enough to go to war with most of the world not once, but twice.
It is because your country same as mine Bulgaria have a very different tax systems. In the Netherlands and Germany they have a progressive tax system, Bulgaria- Romania flat. Example Food is taxed by 24% in Romania and by 21% in Bulgaria but in Germany it is only 7% but you have pillars of progressive taxiveness on income for example in the Netherlands it was 0-21 first pillar, 21-33 second, -33-58 or something third pillar the numbers on the pillar 3 I can't remember correctly on the moment. But ye one of the biggest reasons is the tax addition on food in the countries
@@Leadstar1212 bullshit either way you put it. You should be able to live month to month with the minimum necessities on any sallary. What’s the point of working if even then you can’t afford to live. I just sit on social support and fuck the world. We were accepted in the EU and yet it only goes worse. Expensive housing, cigaretes, gas for fuck’s sake, energy, bloody everything and for what? So that the imports of the west aren’t taxed anymore.
nu-i adevarat. Preturile din Romania sunt mult mai mici decat in tarile vestice.
@@Denis-ed3cm cu ce te minti asa, meri uita-te la ulei, faina, la gaz, la curent, tot ii mai scump. Iau de la noi materie bruta, o finiseaza si ne-o vand inapoi mai scump. Noi suntem locul 2 la producere de curent si doar la noi vezi 1 euro kwh. Da-o naibii
This is such a based idea
Bad
It's not easy, it will be awesome for the governments to become first more taxes money, but the speculation would be higher.
Government like to protect the companies and not the workers, excluding public workers, meaning the live would be also more expensive. In some of places they put skilled workers like engineers close to minimum in hope to be competitive with the price.
In eu it traditionally quite the opposite. Why do u think eu has all the members with social services, public transports, almost free to free healthcare etc etc. So 🤷♀️maybe ur just wishing for full comunism and not the half socialist half capitalist sistem. Comunism has been tried, mind u it always produced starvation with no exceptions.
What's wrong with you?
I raise in wages will increase speculation and raise other products!
And some companies need to grow not on the wages but with competence!
Half socialisms? Just like, when you get paid you like to be paid as an American and when you have to pay you will be like a Communist. Where is the social justice?
This is gonna be ugly. Its gonna cause a lot of cheaper countries to be run into the ground. But also I doubt it will actually work
Portugal 705€
Nós somos pagos 14x por ano. Eles fizeram o anual dividio por 12, ou seja (705*14)/12=822.5
I don't see a point in this directive
20% minimum wage increase, on the 30%+ currency recess. Thank god I don't earn in euros.
You also forgot to mention that one of the directive's goal is to "narrow the gender pay gap"...
It's a shame your economy is going in the shitter.
In France the minimum wage for a 40h work a week is nearly 1250 € netto.
With this salary YOU CANT LIVE !
If you want to buy real estate you better forget.
I consider you need at least 3 K a month for singles and 6 to 8 K a couple with childrens is the beginning of living
You should not be able to afford to live like a king with a minimum wage. It's in the name, MINIMUM wage, that provides enough money for food and rent. Of course if you live in capital you will not be able to afford to rent whole flat. Having kids while earning minimum wage is suicide....
@@ernststag771 Live like a King? Get your head out of the clouds, because that aint happening.
@@ernststag771 thats why there is 10 millions jobless persons in
France
@@philippesabatier8915 how much is rent in france?
Not Being able to live with 3K a month seems not right
@@philippesabatier8915 i know that it isnt even 2K in belgium
Atleast if you look right and dont Just pick a house on immediate sight to rent regardless of price
As a Bulgarian its truly sad how my country minimal wage hasn't changed... such a corrupt country.
И минималната дори не е толкова колкото показват в клипа. Нито Гърция нито Португалия. :D
@@konstandinosverzamanis5699 ами близко си е 710лв е ..
Portugal its 760....
Its 705 right now , but is paid in 14 months wich makes 823 .
In Bulgaria the minimum wage is 710 BGN and that's around 358 EUR...not that different from what you showed but for making such videos you need to be punctual.
Minimal salary should be increased and those work places created specially for imported eastern european workers thru some weird work agencies should not exist in EU, they damage work market by working 12 hours shifts 6 or even 7 days in week. But minimal salary should not be high enough to make lazy people comfortable with some easy job, people still should be motivated to find a better job, but I have like 1000 eur after tax as a CNC programmer and minimal salary will be possibly increased up to like 800 eur, I will definitely switch to simplier job for only slightly less money but with no stress and no responsiblity if it's gonna happen. So increasing minimal salary is ok, but it really has to somehow corespond with average or median or it will destroy work market, nobody will want to do more qualified job with too high minimal salary. But high minimal salary would solve at least one big problem - most of smaller companies in my country give you low salary officialy and then another money "on hand" which is problem for you because you will have low pension and you can't even have mortgage or car on leasing because of that.
This is really funny, now people who earning more then minimal wage will have to start putting rate of minimal wage inside the contract to be protected against inflation.
Right now: 3000 euro
in the future: 230% minimal wage.
We can always print money :)
Finally someone who understands what's about to happen.
Bulgaria, Romania, Hungary, Poland should raise 200-350%, but even this increase would still keep minimum wage low compared to most West Europe countries. Still, prices are same, or on food even higher in East Europe.
This is not the fault of EU, but it is the direct action of politicians running this countries.
You are daft, all the minimum wage increase will do is create an environment where some jobs aren't worth doing for the employer so there will simply be fewer employed people. I swear lots of you barely have 2 functional brain cells, what do you think happens when you artificially impose minimum wage and the work you do is simply not worth that wage? The employer has no incentive to keep you anymore.
So there will be no reason to create Jobs there when they are as expensive as middle europe
Don't be silly, increasing the minimum wage in Romania by 200-350% will pretty much wreck the economy, yes i agree, it must be done, but it need to be done step by step, its not as easy as people think
Polish economy has been steadly rising and probably will be a big euro influencer so it can't possibly be that bad. Also, u need to compare things in decades, I lived in Poland 20 years ago, and I'm sure the improvement is huge.
@@puraLusa thx to EU funds only aka German taxpayers money. You will see the sun when Polen starts to pay money into the EU instead of getting money from the EU
Every video I see about the EU makes me wish the UK never left :(
Yep, whiles the EU and its members are moving forward, it seems the UK is moving backwards, especially under the Conservative rule which have been a disaster for the UK for well over a decade, going back to the Austerity measures which is really where the UK started to sink.
@@paul1979uk2000 At least there's a chance we could get labour next election.
Regardless, I'm leaving for the EU the moment I can afford it.
Yeah succy but surely the UK has minimum wages?
@@oida10000 We do, I hate the age bands though. Adults get a minimum wage of £9.50, I get a minimum wage of £4.81 because I'm under 18.
Every video I see about the EU makes me wish the EU disappear!
Yk why this won't affect me bc I'm british ha
$332 Euros Minimum wage in Europe at worst wow must be kings think its $8.75 in the US! If I made that per hour I would be thrilled!
$8.75 x 160 hours/month = $1400/month ... that's what most blue-collar jobs get here in Spain. However, federal US minimum wage is $7.25 as far as I knew.
Those 332€ were *per month* not per week, or even ridiculously per hour. Nobody but a dickhead would even think of that.
I doubt to see that in Baltics. Shitty geography means poor economy.
You cannot choose where to be born. But I think that if you compare living standards in Baltics with most of the world places that you can still say yourself that you win - just not the first price.
Croatia is 500 euro flat! whare are you getting this data from lol
this is a really bad idea for the poorer countries... it will destroy either the local business or national currencies other then the EURO. As a Romanian, for my business model and considering the wages that I pay it will be pretty good since I'll have an easy time finding new people but this will overall erode local capital without really increasing quality of life for most people.
Long live Switzerland 😅
U seem to be oblivion that Switzerland has a big problem at the door. Research as to why the notorious Swiss Bank has changed top manager several times in the last 3 years... I'll give u a hint drugs.
20% payrise over 2 years while inflation for 1 year reaches 15-20%. Yeah... no, thanks.
Better than 0%
Gotta love the overconfidence of the trolls commenting on the video. An EU wide minimum wage is a little step to a more social Europe which is really needed.
Yes everyone that don't fully agree with every EU decision is a troll.
Also a little step towards a more unemployed Europe with fewer small businesses. 👍
@@vaxrvaxr The USA does not have a livable minimum wage and has a very monopolistic economy where small businesses struggle, to a MUCH greater extent than EU countries who have a high minimum wage do.
It's not a question of minimum wage. Workers deserve to be paid what they're worth, and I am tired of seeing the same arguments that have been debunked a thousand times to keep them poor.
@@albevanhanoy the US has a federal minimum wage. Most states even have higher minimum wage than the federal one. For example Californias minimum wage is 15 USD /hour
@@albevanhanoy I know you're tired, but as long as there's some democracy left, you'll have to be patient. Now, show me please where the basic rules of supply and demand have been debunked.
the problem is that young people wont get jobs and that prices will rise
Not in my country. The companies are waiting at the school yard gates to enlist/hire students that just graduated. There is a big shortage of personnel in almost every economic branch.
What country? Overall there is a shortage of labour all over the EU
@@EUMadeSimple not at minimum wage. There's a shortage of highly qualified people.
@@ahlsn7346 What? I'm an IT systems and networks technician, and I've been unemployed 16 years!!! The problem in Spain is deep ageism. People over 35 is not hired.
😳
Oh yes, politicians be like:
Reduce taxation to stimulate the industry and job growth? Naaahh let's just increase salaries by law!
The recipy for European economic disaster.
832 euros in Portugal? LOL you mean 705?
832euros é nosso salário mínimo mais duodécimos do subsídio de natal e de férias. Em 2023 será 886 euros
I live in Cyprus... The salaries negotiated by unions its a sick joke! Unions negotiate only for their members, not for the whole industry and I working in a nonaffiliated company can't benefit... Btw, SEK union is a joke and the law for unions is a joke. If my boss doesn't agree I (and my colleagues) can't become union members... Does anyone on this planet know a boss who would agree of the kindness of his heart for his staff to unionise ?
Thank god there's now a European law that obligates 70% of the workforce to be protected.
@@geheimnis8187 oh dear... Cypriot government will pay lip service to this law and nothing will change
In Greece some rather big businesses have the policy the get rid of the people in the unions, by directly firing them when "they need to cut costs to survive" or by personally making their life at work more difficult, before they hire new employees to make up for the human force, which instead are payed with minimum wage and cannot unionize anymore because our governments have scrapped union bargaining, as directed by no other than EU itself
@@sarantis1995 EU didn't scrapped union bargaining, your government lied to you and you should know better than believing them
All the Scandinavian countries have huge unions and salaries are settled by *UNION BARGAINING*
Your government just needed a scapegoat to give you when they screwed you... Was not the EU, was your own government
@@marilenaganea6578 the whole policy during the crisis was instructed by EU, and this was proved when we elected a minister of finances who didn't want to comply with everything disfunctional that eu proposed - dictated, but had social leaning proposals which were discarded and he was forced to resign when eu started directly threatening and blackmailing
Of course it was our governments that scrapped the union bargainings, but it was dictated by the eu constructed memorandums.
I am not trying to transfer the blame from. Our incompetent governments to the EU. I generally support the EU and recognize the shitty policies of Greeve for decades long which brought the economy in a chaotic trap. What I'm saying is that the austerity measures, part of which were the scraping of union bargaining was instructed by the eu and IMF. It's obvious that the axis of this whole policy was a failure since it kept failing before our eyes time and time again.
Was there a problem that needed to be fixed? this will only lead to more unemployment
Not to mention the EU released their demographics in July which concluded that the EU overall all lost more people again except for France and Sweden. It’s to expensive and this coming winter will make cost of living far to much for the working class.
Could you provide source, please?
Strangely I think there is more people in my country from when I was a kid, I feel increse over here in portugal, many new future portuguese all around.
We need to lose more , to many humans.
Yeah, I don't work for a minimum wage, but I can see the value of my current salary shrinking with those stupid ideas...
Dumb comment on so many levels...
this will kill the smaller businesses. it's the worst bureaucratic idea ever that will also push inflation higher and determine more layoffs. ok, pay higher salaries, but more money doesn't equal more resources. they would do anything rather than tax ownership of more than 1 house. this is the basis of this high cost of living: wealthy people or businesses owning more than 1-2 houses! that should be tackled!
If a business can't pay its workers a living wage, then it should fail.
minium wage in portugal is 705 not 823
I think they're adjusting that value since Portuguese salaries are paid in 14 months. However, if they really want to be that precise, they should remember that everyone has to pay 11% in social security taxes so even then it would be 732€.
Kt is 823 , its correct numbet , in Portugal you get paid 14 months.
portugal's minimum wafe is def not 823€ lmao
It is 823 euros , its correct , in Portugal you are paid 14 months.
It is always impressive how poor Bulgaria is and yet part of the EU
I start to believe they are just there for the invest ment
God, i hope it wont happen
Why not, It will benefit literally everyone, including businesses
@@swift4420 no minimal wage ever benefited anyone besides maybe those who are too shy to ask for a raise or cant negotiate
@@tenebrae8964 It has benefitted literally everyone who has ever worked a minimum wage, and also benefitted companies
@@swift4420 I used to work a minimum wage, and dont think it benefited me. Also, how does it benefit businesses?