It was long a point of contention. Now a statutory minimum wage has been in effect since the beginning of this year, and many employees will benefit from it in the long term. But some entrepreneurs fear the financial losses they might incur. Holger Schäfer, analyst at the Cologne Institute for Economic Research, talks about the advantages and disadvantages of the statutory minimum wage.

More Made in Germany: http://www.dw.de/made-in-germany-the-business-magazine-2015-01-06/e-18130315-9798