Greece’s austerity wages drama: The generation of 265 euros

22 August 2017
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High unemployment in austerity-stricken Greece dumps salaries and wages. Employers want to spend as less as possible on salaries, employees are forced to compromises unthinkable before the crisis. A job at any price. Not matter how low the price.

Greece’s private sector employers shamelessly ignore labor laws and offer a handful peanuts with the ultimatum “Take it or Leave it!” A blackmail desperate unemployed cannot deny.

No wonder.

Data based on the tax income declaration of 2017 – for the tax year 2016- reveal the current status of wages and salaries in Greece’s private sector. They are shockingly low especially when one takes into consideration the cost of living in the country. The data does not reveal the working conditions, whether full or part time or rotating work.

Young employees below 20 years old, do not earn more than €260 net per month.

Employees at 24 years old work full time for €380 net.

Workers up to 30, earn €509, and those at 34 do not take home more than €660.

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