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rjw  ·  3669 days ago  ·  link  ·    ·  parent  ·  post: Some thoughts on minimum wage

Yeah. There's also the idea of an "immoral wage", which means that you can't pay someone less than 75% of the average wage, for that profession. So that's another constraint on wages.

That said, I wonder why the German government has felt the need to introduce a minimum wage and why it's happening now. Was the old way of negotiating wages not working?