A counterargument on real wage development in Germany

In ifo Schnelldienst 19/2007 Hans-Werner Sinn argued against the introduction of minimum wages in Germany in his "note on real wage development in Germany", since this would lead to a loss of jobs. Juergen Kromphardt, Technical University of Berlin and former member of the German Council of Economic Experts, interprets the data differently and draws a contrary economic-policy conclusion.