VOICED : German businesses adapt to new minimum wage

The video discusses the introduction of a minimum wage in Germany, highlighting its impact on businesses, particularly small ones, and the economy. It explores how businesses have adapted by increasing prices and the potential job losses predicted by economists. The video also examines sector-specific effects, such as in hairdressing, and the overall impact on the German workforce, aiming to boost incomes without harming economic performance.

What was one of the main benefits for workers with the introduction of the minimum wage in Germany?

• Reduced working hours

• More vacation days

• Higher job security

• Increased job opportunities

How did the Berlin restaurant manage the increased wage costs?

• By cutting down on operational hours

• By increasing prices

• By reducing staff

• By seeking government subsidies

What is a potential negative effect of the minimum wage according to economists?

• Reduction in consumer spending

• Decrease in foreign investments

• Increase in exports

• Loss of jobs

Which businesses are most affected by the minimum wage increase?

• Large corporations

• Non-profit organizations

• Small businesses

• Government agencies

How has the hairdressing sector adapted to the minimum wage changes?

• By gradually increasing wages

• By reducing service quality

• By closing down less profitable branches

• By hiring more staff