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Minimum wages in 2024: Annual review

26 Jun 2024

This 2024 annual review of minimum wages provides a synopsis of minimum wage setting during 2023 in the EU27 and Norway. It reports in detail on the processes and outcomes of setting the minimum wage rates for 2024 and beyond. It investigates the extent to which minimum wage earners were affected by the cost-of-living crisis and shows how minimum wage workers are distributed across households over the entire income distribution. The report also addresses the criteria that minimum wage setters considered when setting the new rates for 2024 and to what extent these criteria already include the minimum elements mentioned in Article 5 of the EU Minimum Wage Directive. It provides some initial insights into Member States’ activities around the transposition of the directive, which was a moving target at the time of drafting the report. Finally, an overview of the latest minimum wage research related to the EU27 and Norway completes this report.
industrial relations minimum wage pay and income industrial relations and social dialogue

Authors

Christine Aumayr-Pintar, Carlos Vacas‑Soriano, Jakub Kostolny

Catalogue no
TJ-AS-24-085-EN-N
Cite this publication
Eurofound (2024), Minimum wages in 2024: Annual review , Minimum wages in the EU series, Publications Office of the European Union, Luxembourg.
DOI
https://doi.org/10.2806/643382
ISBN
978-92-897-2406-7
Number of pages
94
Permalink
eurofound.link/ef24017
Published in
Ireland
Reference no
EF24017

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