4.3 bn cost burden for min wage - ISTAT

Estimates 700 mn-euro fallout on public spending

(ANSA) - Rome, June 17 - ISTAT President Gian Carlo Blangiardo told the Lower House Labour Committee in a hearing on Monday that the impact of a nine-euro minimum wage would bring a cost burden to businesses of approximately 4.3 billion euros overall. "If not transferred to prices, it would bring a compression of about 1.2% of gross operating margin and 0.5% of added value," Blangiardo said.
    He said the fallout on public spending would be 698 million euros.
   

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