Author Topic: Wages in Greece  (Read 5629 times)

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Offline Maik

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Wages in Greece
« on: Monday, 20 November, 2023 @ 21:27:08 »
How do average salaries compare across Europe?

EU employee regulations are generally quite strong with an emphasis on individual working conditions and labour rights, including the right to information, anti-discriminatory laws and job security.

However, when it comes to salaries and wages across EU member states, there are still significant variations, depending on a number of factors, such as laws, demand, inflation and more.

According to Statista, in 2022, the average annual wages ranged from €73,642 in Iceland, down to €24,067 in Greece.

The highest paying countries in 2022 were Iceland (€73,642), Luxembourg (€72,529), Switzerland (€67,605), Belgium (€63,758) and Denmark (€59,405), whereas the lowest payers were Greece (€24,067), Slovakia (€24,337), Hungary (€26,376), Portugal (€29,540) and Czech Republic (€30,967).

Why are salaries so low in Greece compared to others?

Greece’s overall economy and labour market is still struggling to recover from the sovereign debt crisis, leading to average salaries and minimum wages being far lower than the rest of Europe. A number of more stringent labour market measures have also been implemented recently, such as drives to hire younger, fresh graduate trainees, who can be paid less.

Probably a lot of people in Greece who'd be delighted to earn 24,067€ p.a.