# Coordinated wage policy

- Canonical URL: https://www.gerhardmerk.de/coordinated-wage-policy
- Post ID: 593542
- Modified: 2023-07-25T21:00:15+00:00
- Language: en

## Definition

Demand - above all on the part of some deficit countries within the EU, raised around 2010 and then taken up as a proposal by the EU Commission - to equalize wage costs across the EU. The background to such demands is that the export successes of some countries - such as Germany and the Netherlands in particular - can be attributed to the fact that the share of labor costs is too low compared to other member states. - Among other things, this overlooks the fact that an increase in wages in an EU surplus country cannot in the least solve the structural weaknesses in a deficit country. Each member of the Community must itself ensure that its economy becomes more competitive. - See bail-out, ClubMed, euro bonds, common, euro states, moral hazard, solidarity, financial, growth differentials, intra-currency area, currency area, optimal. - Cf. Deutsche Bundesbank Monthly Report of May 2014, pp. 23 et seq. (nominal wages in the euro area in relation to adjustment measures; references; overviews). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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