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 Germans See Rise in Salary
World Economy

Germans See Rise in Salary

Workers in Germany earned more in real terms in the first quarter of 2015 than at any time since 2008, DW reported. The rise in income was buoyed by low inflation, though the new minimum wage also seems to have played a part. The government’s official statistics office said on Thursday that real earnings from January to March saw a rise in income of some 2.5% compared to the first quarter of last year. Nominal wages across Germany rose by an average of 2.5%, and consumer prices remained virtually the same over that period. As a result, German workers enjoyed a significant increase in spending power.

 

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