Interview in the Fleurop Corporate Magazine (in German)

General Minimum Wage Introduced in Germany

As one of the late adopters in Europe, Germany has introduced a general minimum wage of 8.50 Euro per hour on January 1st 2015. Why this is a good idea and why the negative scenarios will not be confirmed are two of the five questions answered in this Interview.

It is indeed very difficult to find a satisfactory answer to the question of what a fair wage is. On the other hand it is rather simple to see that a wage that does not allow for a dignified life within one of the world's most prosperous countries cannot be fair. Being somewhat of a laggard in Europe, Germany has now reacted by introducing a general minimum wage.

The reasons for why this is a good move are fairly straight forward. If one agrees that within tremendously wealthy societies a full time job should provide the material basis for a self determined life in dignity and if one observes that market forces fail on a systemic scale to deliver this on their own, regulatory intervention is called for. This short interview looks at the reasons, the fears and some likely effects of having introduced a general minimum wage in Germany in early 2015.

The interview was conducted and is part of an article by journalist Jan Thomas Otte who also publishes the online magazine Karriere Einsichten that looks at the hallmarks of a meaningful career and ways to combine purpose, success and personal growth on the job.

Wirtschaftsethik braucht Mut

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