Why One Size Does Not Fit All. The case of European minimum wages

The 27 EU Member States have very different approaches to wage settlement. These differences are deeply rooted in national and historical traditions, different institutions and practices. Many EU Member States have introduced a minimum wage by law and some have not - and the process of determining the wage level varies considerably. The EU Member States also have very different labour market and welfare systems, including different social and taxation systems. Consequently, it’s difficult to apply a one-size-fits-all European minimum wage in 27 fundamentally different systems.