France’s Socialist government has announced it’s raising the country’s minimum wage for the second time in seven months. The measure is to boost consumer spending despite Paris’ austerity course.
The French government said on Monday the cross-sector general minimum wage in the country would be increased by 0.3 percent as of January 1, 2013.
It announced per-hour wages would climb to 9.43 euros ($12.40), marking a 0.3-percent rise after a bigger 2-percent hike in June of this year.
Paris said some 2.6 million workers would stand to profit by the change. It explained that the monthly gross pay of employees working a normal 35-hour week at minimum wage would be around 1,430 euros, up from roughly 1,398 euros at the beginning of 2012.
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via French minimum wage increases once more | Business | DW.DE | 17.12.2012.
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