One in Five Workers in Greece is a Low-Wage Earner

Despite the ongoing economical recovery, Greeks are becoming poorer. Credit: aestheticsofcrisis, CC BY-NC-SA 2.0

One successful 5 workers successful Greece is simply a low-wage earner according to information released this week by the European statistical work Eurostat.

Low-wage earners are employees earning two-thirds oregon little of the median gross hourly net successful the state of work.

According to Eurostat the percent of low-wage earners successful Greece roseate from 15.7 successful 2006 to 21.7 successful 2022. Greece is present 4th successful the percent of low-paid workforce successful the EU. Only Bulgaria, Romania and Latvia person worse rates.

Cyprus is doing somewhat amended than Greece with 19.9 percent of workers defined arsenic low-wage earners.

Credit: Eurostat

Less than 10 percent of employees were low-wage earners successful Portugal (1.8 percent), Sweden (4.1 percent), Finland (6.5 percent), Italy (8.8 percent), Slovenia (9.4 percent) and France and Denmark (9.7 percent).

Greece is good supra the EU mean connected low-wage

According to the Eurostat statistics, successful 2022, 14.7 percent of employees successful the EU were low-wage earners, against 16.2 percent successful 2018.

The stock of low-wage earners was higher among women than men successful 2022 (17.1 percent compared with 12.6 percent). In 2018 the shares were 18.2 percent of pistillate and 12.5 percent of antheral employees.

Low-wage earners accounted for astir a 4th (25.2 percent) of employees younger than 30. In the older property groups this stock was lower: 12.1 percent among employees aged 30-49, and 13.4 percent among those older than 50.

The little the level of a person’s education, the higher the likelihood of being a low-wage earner. In 2022, 27.5 percent of employees successful the EU with a debased acquisition level were low-wage earners, compared with 17.5 percent of employees with a mean level of acquisition and 4.8 percent of those with a precocious acquisition level.

Credit: Eurostat

In 2022, the stock of low-wage earners recorded successful the EU was highest successful accommodation and nutrient work activities (35.1 percent); followed by administrative and enactment work activities (32.3 percent), that includes the persons employed by interim agencies.

The benignant of declaration besides plays a role: among employees with an employment declaration of constricted duration, 27.2 percent were low-wage earners, compared with 12.6 percent of those with an indefinite contract.

Greece 2nd poorest successful Europe

Greek radical are present officially the 2nd poorest successful Europe. Real wages steadily fell done 2022, according to the latest OECD data, dropping 30 percent from pre-crisis levels.

The Greek authorities boasts about Greece’s economical growth, which is higher than the Eurozone average. However, Greek citizens stay astatine the “bottom of Europe” successful presumption of existent purchasing power. Despite the ongoing economical recovery, Greeks are becoming poorer. The concern whitethorn worsen implicit time. Currently, Greece is often compared to Bulgaria successful presumption of purchasing power.

While the Greek economy’s upturn has somewhat raised surviving standards compared to the EU average, this betterment is minimal. It has not lifted Greece from its presumption arsenic the poorest state successful the Eurozone.