Germany plans to increase its minimum wage by the equivalent of nearly $3, or a 25% rise.
It's part of a deal agreed by a three-party coalition to form a new government.
Economists pay close attention to wage increases, which can be one sign of rising inflation.
As many as 10 million workers could receive a pay rise in Germany under plans unveiled by the country's incoming government.
As part of the agreement, they want to increase the minimum wage from €9.60 ($10.70) an hour to €12 ($13.46) an hour, per CNN.
Alongside the minimum wage increase, they also proposed legalizing cannabis and to stop burning coal by 2030.
President Biden agreed to increase minimum pay for federal workers $15 an hour. »