Austria: real wages markedly decreased in 2010

The two studies Statistik Austria published this week confirm a trend observed in other countries, namely that, with or without the crisis, low wages are decreasing.  The Austrian wage index particularly looked at the evolution of minimum basic pay for each professional category.  In 2010, they increased by 1.6% (3.4% in 2009, 3% in 2008 and 2.5% in 2007).  It is the lowest increase since the index was created in 1987.  Since inflation rose by 1.9%, real wages went down.  Statisticians say this evolution mirrors the adjustment to the crisis of the collective agreements negotiated at the end of 2009 and in 2010.  The highest increase was in tourism (2.2%) and the lowest in civil service (1.1%).  Meanwhile, the poverty report, also published by Statistik Austria, shows that, in 2009, the number of working poors, full-time employees living below the poverty line, was 241,000, i.e. 7% of the working population.  This number is slightly smaller than in 2008 (247,000), but data was collected before the crisis.  “When you think that these new figures are based on wages observed in 2008, and don’t take account of the impact of the financial and economic crisis, I think one is allowed to be worried” commented professor Josef Weidenholzer, leader of the Institute of Social Studies of the University of Linz.
Enjoy this article for free while you’re in your trial period
You have access to our content for 1 month.

n civil service (1.1%). Meanwhile, the poverty report, also published by Statistik Austria, shows that, in 2009, the number of working poors, full-time employees living below the poverty line, was 241,000, i.e. 7% of the working population. This number is slightly smaller than in 2008 (247,000), but data was collected before the crisis. “When you think that these new figures are based on wages observed in 2008, and don’t take account of the impact of the financial and economic crisis, I thin

Do you have information to share with us?
What you absolutely must read this week
The essential content of the week selected by the editorial team.
See all
United Kingdom largely retained within scope of EWCs despite Brexit, study shows
A study published this month by the Institute for Economic and Social Research, the French trade union research organisation, examined how the involvement of British representatives in European...
Spain: government approves creation of ‘intern status’
The Spanish government has paved the way for the creation of a new status for "persons undergoing non-professional practical training in companies, institutions or public or private organisations...
Luxembourg: two pension reform bills submitted to parliament
After lengthy negotiations with the social partners, in mid-October the Luxembourg government submitted two bills to parliament aimed at reforming the pension system to ensure its long-term...
Germany: pensioners in work already common practice, study shows
As the German government steps up measures to encourage people to stay in work beyond the legal retirement age, a new study by the Institute of Economic and Social Research (WSI) – an independent...
Most viewed articles of the month on mind HR
What readers clicked on the most last month.
What readers clicked on the most last month.
1
Germany: pensioners in work already common practice, study shows
As the German government steps up measures to encourage people to stay in work beyond the legal retirement age, a new study by the Institute of Economic and Social Research (WSI) – an independent...
2
Spain: government approves creation of ‘intern status’
The Spanish government has paved the way for the creation of a new status for "persons undergoing non-professional practical training in companies, institutions or public or private organisations...
3
France: social conference on labour and pensions to proceed without main employers’ group
The preparatory meeting ahead of the social conference on labour and pensions, which is set to decide on the pension system model and the funding thereof, was held on 4 November at France's labour...
4
Luxembourg: two pension reform bills submitted to parliament
After lengthy negotiations with the social partners, in mid-October the Luxembourg government submitted two bills to parliament aimed at reforming the pension system to ensure its long-term...
5
Candice Guillot (Talan): “Our recruiters save just over 80 hours per year on administrative tasks thanks to AI”
Candice Guillot, group director of employee experience and HR performance at Talan (7,000 employees), outlines for mind RH her vision and strategy for introducing artificial intelligence at the...