Are minimum wages in Europe adequate and effective?

Despite nominal increases in statutory minimum wages reaching an all-time high in the EU in 2023, minimum wage workers in most EU countries saw their purchasing power decline or just about compensated. In this episode of the Eurofound Talks podcast series, Mary McCaughey speaks with Eurofound experts Christine Aumayr-Pintar and Carlos Vacas-Soriano about the adequacy of minimum wages in Europe, how the EU has sought to improve the situation of low-wage earners through a Directive on adequate minimum wages, and how widespread the issue of minimum wage non-compliance is in the European Union. Episode recorded December 2023.