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Germany to hike minimum wage to 9.19 euros per hour next year

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Germany to hike minimum wage to 9.19 euros per hour next year

Germany to hike minimum wage to 9.19 euros per hour next year
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WOLFGANG RATTAY(Reuters)
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BERLIN (Reuters) - The German cabinet agreed on Wednesday to increase the national minimum wage by 35 cents to 9.19 euros ($10.43) per hour at the start of next year and then to 9.35 euros from 2020.

The hike, which could help boost consumption, had been proposed by a commission in June. Chancellor Angela Merkel's government introduced a national minimum wage of 8.50 euros for more than 3 million workers in 2015. It was last raised in 2017, to the current 8.84 euros.

($1 = 0.8811 euros)

(Reporting by Holger Hansen und Thorsten Severin; Writing by Michelle Martin; Editing by Riham Alkousaa)

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