SPD chancellor candidate Olaf Scholz wants to attract millions of voters with a big pay rise: his party is demanding a minimum wage of twelve euros – and as quickly as possible. Now we wonder if businesses can cope with it.
By Bastian Brinkmann
If the SPD wins the elections, what policy will Federal Chancellor Olaf Scholz adopt? A central demand of the party in the electoral campaign is to raise the minimum wage with a bang to twelve euros. In view of the polls, the question arises as to what this would mean economically. Economist Jens Südekum from the University of Düsseldorf has no problem with the old minimum wage of 9.60 euros. At twelve euros, it’s different. “It is becoming more and more delicate, as we enter the critical zone,” explains Südekum. Moreover, say the researchers: The timing could be particularly bad for such a step. However, studies show that economic opportunities are also associated with the minimum wage.