“Real” drop. The Ires’ 5th report, presented on September 27th in Rome, is explicitly entitled: “Wages in Italy in 2000-2010: a lost decade.” It points out that, between 2001 and 2010, GDP, employment and productivity increased by “next to zero.” By analyzing the process of gross and after-tax remuneration versus real inflation over the same period, the Ires calculated the cumulated loss of purchasing power for gross wages: €3,384 (however, between 2002 and 2003, it seems that it was over €6,000), combined with a fiscal drag (when gross wages increased during a period of high inflation will be more taxed whereas its real value isn’t increasing) of €2,069, for a total loss of … €5,453.
er the same period, the Ires calculated the cumulated loss of purchasing power for gross wages: €3,384 (however, between 2002 and 2003, it seems that it was over €6,000), combined with a fiscal drag (when gross wages increased during a period of high inflation will be more taxed whereas its real value isn’t increasing) of €2,069, for a total loss of … €5,453.
“The range of inequalities.” Besides, the report points out that Italy ranks sixth among the 30 OECD countries in terms of unfair pay. O
…Do you have information to share with us?