Wage settlement in the Nordic countries is based on sensitive compromises and negotiations between employers and employees with very little intervention from politicians.
A few months ago, the new European Commission boldly announced its plans to deliver an EU minimum wage legal measure within its first 100 days in office. The COVID-19 crisis is likely to affect not only the schedule of this high-profile initiative, but the very political appetite for it.
If a consensus could be found on bailing out indebted countries and extend the intervention scope the ECB, why not on tackling poverty through minimum wages?
Impossible just a few years ago, the search for an adequate EU role on incomes is linked to the effort to correct the economic governance mechanism and make the EPSR real