Contrary to a widespread idea, Germany does not have the highest labor costs in Europe, but is in the average of EU countries, according to the Hans-Böckler Stiftung, foundation, close to trade unions. The results of its new study were commented on June 14 in Berlin. (Ref. 06607)
German labor costs (which include, in this study, wages, the employers’ share in social security contributions and taxes linked to work) are even lower than those practiced in the majority of Northern and Western Europe. In 2004, German employers had to pay 26,22 euros for one working hour in the industrial and tertiary sectors; that is to say less than their counterparts in Denmark, Sweden, Belgium, Luxembourg, France, Netherlands and Finland, where one hour of work costs between 26,80 euros
…Do you have information to share with us?