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Germany’s Franz Attacks Idea of Minimum Wage, Die Welt Reports

Nov. 21 (Bloomberg) -- Wolfgang Franz, who heads German Chancellor Angela Merkel’s council of economic advisers, rejected a minimum wage of any kind and said the topic is becoming a “political football,” Die Welt reported, citing an interview with Franz.

A minimum wage eliminates jobs for people with few qualifications, the newspaper cited Franz as saying.

To contact the reporter on this story: Sheenagh Matthews in Frankfurt at smatthews6@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net

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