The German Cabinet has delivered on a key election promise and approved a higher minimum wage of €12 ($13.61), as Labour Minister Hubertus Heil rejected the idea that it would reduce the power of collective bargaining by workers. The current national minimum wage is €9.82, with a hike to €10.45 from July 2022 already legislated. The increase to €12 was promised by Chancellor Olaf Scholz before his election victory last autumn, and will now take effect from October 1. The minimum wage level in Germany is recommended by a commission, which includes representatives of both employers and employees…