Inflation & Prices
EU’s Lowest-Paid Workers Expected to Get Better Pay Hikes This Year
- Tide turning for minimum-wage earners, Eurofound report shows
- Increases are outstripping inflation in many countries
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This year is set to bring an improvement in the fortunes of Europe’s lowest-paid workers, as increases in national minimum wages are outstripping inflation in many countries, an EU study shows.
The real terms pay rises seen in 2024 suggest a “turning of the tide” on the trend of eroding purchasing power seen in early 2023, Eurofound, the EU’s agency for improving living and working conditions, said in a report.