The European Commission has started work on introducing the so-called European minimum wage. A draft in this matter is to be presented to the Member States at the end of January this year. It does not provide for the introduction of a specific amount, but a harmonized mechanism for setting the minimum wage, which could not be lower than 60% of the average wage in a given country.
Currently, the statutory minimum wage at a level higher than 60% exists only in France.
However, among others, there is no statutory minimum wage for over 100 years. Wages in the Danish system are negotiated by employees and employers, without State interference. The situation is similar in Cyprus, Finland, Sweden, Austria and Italy – in the indicated countries the minimum wage is set annually in collective agreements for individual industries. In addition to the European minimum wage, the European Commission is also planning to create European social security.