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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