Europe Needs a Pay Rise

Thursday 01 March, 2018 Written by 
Europe Needs a Pay Rise

The European Trade Union Confederation (ETUC) has calculated that if the proportion of GDP made up by wages were the same now as in the early 1990s, working people in the EU would have earned an extra €1,764 in 2017, rising to an extra €4,107 in the Czech Republic and €3,354 in Italy.

The proportion of GDP made up by wages has been in decline since the mid-1970s, when wages hit a high of 72 percent of EU GDP. They now make up less than 63 percent.

Euope Needs a Pay Rise

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