ILO finds real wages in Greece fell by 3,5% in 2017

30 November 2018
560 Views

According to a study published by the International Labor Organization (ILO), real wages in Greece fell by 3.5 percent in 2017, the biggest decline recorded since 2013.

This figure is the highest among the EU member states, with only Azerbaijan and Turkmenistan, which are outside of the EU, recording higher percentages of decline in wages.

Surprisingly, inside the European Union, the study found that Spain, Italy, Belgium, the Netherlands and the UK all had lower real wages compared to 2016.

In the eleven years between 2008 and 2017, real wages in Greece declined at a rate of 3.1 per cent every year, the study found.

The gender pay gap in Germany was significantly lower there compared to the rest of the EU. In Greece, women’s pay remains 12.5 per cent lower than that of men.

The ILO also noted that there is a global tendency toward a lower percentage of increase in wages in the developed world, with these countries seeing only nine percent higher wages in the last 20 years.

Still, during the same period of time, the developing countries recorded an increase that exceeded an astounding 300 percent.

You may be interested

New Covid-19 curfew maps – Who can move, why and when (alert maps)
GREECE
shares17 views
GREECE
shares17 views

New Covid-19 curfew maps – Who can move, why and when (alert maps)

makis - Oct 23, 2020

Deputy Minister of Civil Protection Nikos Hardalias presented the plan for workers and those eligible to freely move by exception…

Mitsotakis: Masks everywhere & curfew at night in the “orange” & “red” areas of the country
GREECE
shares32 views
GREECE
shares32 views

Mitsotakis: Masks everywhere & curfew at night in the “orange” & “red” areas of the country

makis - Oct 22, 2020

The obligatory use of a mask everywhere was announced by the Prime Minister Kyriakos Mitsotakis as the first measure to…

Coronavirus Greece: Explosive rise with 865 new cases, 331 in Attica & 181 in Thessaloniki
GREECE
shares49 views
GREECE
shares49 views

Coronavirus Greece: Explosive rise with 865 new cases, 331 in Attica & 181 in Thessaloniki

makis - Oct 21, 2020

The Greek authorities announced today 865 new cases of coronavirus in the country, of which 82 are associated with known…

Leave a Comment

Your email address will not be published.