Wage-setting mechanisms: Pay - Q3 2014 (EurWORK topical update)
In the recent past, the policy debate around wage setting – both at European and the national level – has reflected the view that wages should better reflect differences in productivity developments. This article provides an overview of related debates in a number of Member States in 2014. By and large, there seems to be some ‘convergence at the level of debates’: with reflections about the possible introduction of universal minimum wages in some of those Member States with collectively agreed minima, while Member States that already have a statutorily set wage floor are considering different ways of introducing more differentiated minima. This would eventually move them closer to the prevailing system in the first set of Member States as regards the setting of wages at the lower end of the wage distribution.