In June of this year, EU institutions reached an agreement to establish an "adequate minimum wage" in each EU member state and to bolster wage negotiations between unions and companies. According to Eurostat, in July 2022 minimum wages in the EU member states ranged from € 363 per month in Bulgaria to € 2 313 per month in Luxembourg. This represents the lowest and the highest in the EU respectively for the 21 out of 27 member states that have a national and cross-sector legal minimum wage. The remaining six member states' wage levels, Austria, Cyprus, Denmark, Finland, Italy and Sweden, do not have a statutory minimum wage but are calculated through collective bargaining between trade unions and companies.
