A government-appointed commission announced that Germany would raise its minimum wage twice over the next two years. The move would give Germans the second-highest minimum wage in the EU, after Luxembourg.
A government-appointed commission announced that Germany would raise its minimum wage twice over the next two years. The move would give Germans the second-highest minimum wage in the EU, after Luxembourg.
I’d argue it’s a great indicator, as expenses are necessarily tied to the wages of the population. An example like yours simply doesn’t happen.
This means you have to come up with a representative example of how to calculate expenses, and I haven’t seen a better approach for that than median wage, which seems to correlate highly with expenses.