Report reveals continuing impact of austerity on wages

Europe

The 2019 edition of Benchmarking Europe, published by the European Trade Union Institute, reveals the continuing impact of austerity with data showing that workers in eight countries are, on average, worse off in real terms than they were 10 years ago. The eight countries are Greece, Croatia, Cyprus, Portugal, Spain, Italy, Hungary and the UK. In a further two countries - Finland and Belgium - average wages are at the same level as 10 years ago, taking account of inflation.

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