During the pandemic, Europeans had to promote in supermarkets, clean the streets, and deliver packages. Many of them hold for that work to acquire their rather low salaries. The quarantine measures highlighted financial resources inequality and resulting from this poverty amongst EU workers.
On Wednesday, Brussels launched a new series of consultations with public agencies on a way to ensure that the wishes of workers with minimum wages are met.
The Deputy head of the European change Union Confederation believes that this is important for financial restoration. "We want to increase demand as we get out from the coronavirus crisis. Of course, people should have money to spend", Esther Lynch stated. - We need to raise the shopping opportunities of those who have low wages. It could be very meaningful for the EU and its member States that there is money within the economic system and those people can spend it."
The session commenced after Spain moved in the direction of introducing an assured minimal income (even for the unemployed).
The European Commission will not always set a single minimal wage for all. Instead, it would recommend a number of conditions that member countries should meet in order to determine their size.
Currently, the minimal salary inside the EU varies from 286 euros in Bulgaria to almost 2000 euros in Luxembourg.
Resistance to this initiative is considerably strong inside the Nordic countries, where the minimal earnings is negotiated collectively.
"Every time something works well in a few countries, there may happen that the European regulator will make the requirements lower," stated Jana Toom, an Estonian MEP. - Now we are talking about minimal requirements, now not most ones. If you want to pay your group of workers, for example, 70% of the common income, it's your business, but it shouldn't be less than 60%."
The European Commission is currently determining whether to update the minimum wage policies recommendations with law that might oblige member countries to follow them.
"There is no point to continue bothering pointers that no one follows," the Estonian continued. "Such questions should have been mandatory, and it is clear that the minimal wage must provide people with at least appropriate working conditions."
The session should be finished until September 4. But because of the pandemic, the activities of EU institutions reached an impasse. And it may take a long time before the minimum wage is necessarily adjusted.
I have been trading Forex for more than 5 years, mostly with manual and automatic trading. I set up advisors for round-the-clock automated trading. I'm sure I can help to establish your trading skills....