Germany’s ruling coalition on Wednesday approved a draft law to raise the minimum wage to 12 euros an hour ($13.6) from October. That’s about 60% of the country’s median wage, a benchmark recommended by European labor unions. The increase was part of the three-way coalition pact between Chancellor Olaf Scholz’s Social Democrats, the Greens and the business-friendly Free Democrats.
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Iain Rogers, Zoe Schneeweiss
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