Subjects: Salary, Pension
Article: Minimum wage hikes struggle to offset inflation
With inflation expected to persist, a further depreciation of minimum wages in real terms can be expected in most Member States, as only a few foresee additional increases in 2023.
New data: 2023 minimum wage hikes struggle to improve purchasing power
Despite nominal increases in statutory minimum wages reaching an all-time high between January 2022 and January 2023, minimum wage workers in most EU countries are seeing their purchasing power decline or just about compensated, based on preliminary inflation figures.
Real minimum wages declined in most EU Member States
Against the background of inflation affecting European countries, minimum wage workers in 15 out of 21 Member States with statutory minimum wages registered a decline in their wages in real terms between 1 January 2021 and 1 January 2022. This was despite comparatively large increases in nominal rates in the EU during the period.
New Eurofound analysis shows large increases in EU minimum wages in 2022
The first overview of minimum wage setting for 2022 shows that, while some negotiations are still ongoing, virtually all EU Member States have increased their nominal statutory rates.
Gender pay transparency: Advancing the cause through a truly European proposal
With its proposed directive on gender pay transparency, the European Commission has significantly bolstered the set of tools for delivering its objectives compared to those presented in its 2014 Recommendation. The proposed portfolio of measures addresses many shortcomings of the instruments that national authorities currently employ.
EU minimum wages grew cautiously amid COVID-19 economic uncertainty
The economic uncertainty created by the COVID-19 pandemic slowed, but did not stop, overall minimum wage growth in the EU in 2021. Minimum wages were raised cautiously in most Member States, with the median country recording an increase of 3%. Only a few Member States froze their minimum wage rates, marking a very different approach to that taken in the aftermath of the 2008 financial crisis.
Minimum wages rise again, but the pandemic puts a brake on their growth
Decision-makers approached minimum wage setting for 2021 cautiously due to the economic uncertainty caused by the pandemic. Despite this, nominal statutory minimum wages rose in most Member States and the UK, although at lower rates than in recent years.
Eurofound publishes updated, standardised minimum wage data for 2021
Eurofound has published updated monthly comparable data, converted to euro and standardised across 12 months, for 21 EU Member States and the United Kingdom for 2021
Minimum wage workers on the front line of COVID-19 fallout
Minimum wage workers around Europe are in the simultaneous position of being increasingly called upon to provide essential services during COVID-19 confinement and response measures; as well as being more likely to be made redundant or furloughed due to their concentration in highly impacted sectors.
Minimum wages raised in most EU countries in 2020, but more women still earning the minimum wage than men
Statutory minimum wages were raised in most EU countries for 2020 – in many even substantially, such as in Poland 17%, Slovakia 12%, and Czechia 11% - according to Eurofound’s ‘Minimum wages in 2020: Annual review’ published today.
Fears and hopes around future minimum wages
As one of their ‘100 days in office’ initiatives, the new European Commission intends to propose an initiative for an EU minimum wage. The aim is that by 2024 every worker in the EU should earn a fair and adequate wage, no matter where they live. And despite the Commission’s assurance that this would not alter national traditions of wage-setting, emotions are already running high
[Audio News Release] Large differences in tax contributions of minimum wage workers across Europe
The latest Annual Review of minimum wages in Europe gives a detailed analysis of minimum wage rates across Europe, and not only looks at the nominal and real terms increased in minimum wages - but also levels of taxation and net pay.
[Audio News Release]: Women over-represented among minimum and low-wage earners
The latest Annual Review of minimum wages in Europe shows that there have been increases to the minimum wage across almost all Member States, in both nominal and real terms. The report also highlights that women are over-represented among minimum and low-wage earners.
[Audio de Comunicado de prensa] Los cambios en los salarios mínimos en Europa podrían tener implicaciones generalizadas
La última revisión anual de los salarios mínimos en Europa muestra que se han producido aumentos significativos en los salarios mínimos de varios Estados miembros de la UE, tanto en términos nominales como reales.
Les salaires minima ont augmenté dans toute l'Europe, mais les travailleurs à bas salaires sentiront ils la différence ?
La plupart des États membres de l'UE ont enregistré des hausses de salaires pour les bénéficiaires de salaire minimum et les bas salaires, les salaires minimums et les bas salaires ont en effet progressé dans la plupart d'entre eux, du fait de l’augmentation des salaires minima légaux qui ont augmenté dans presque tous les pays depuis janvier 2018.
Minimum wages have increased across Europe, but will low-wage workers feel the difference?
There have been wage increases for minimum and low-wage earners in most EU Member States, with rises in statutory minimum wages in almost all countries since January 2018. While these increases are welcomed as good news for minimum wage workers, Eurofound’s research shows workers may not automatically feel the positive impacts of these changes.
Seniority entitlements: A policy of the past, or a fix for the future?
Seniority entitlements have largely been on the decline since the 1990s, and have been gradually phased-out from legislation in Europe, as well as in collective agreements. However, it would be premature to dismiss seniority-based entitlements as a thing of the past, as they remain in force across Europe, even if the more expansive term of ‘relevant experience’ is preferred.
Life beyond the minimum: Living wage could help combat in-work poverty across the EU
Implementing a living wage could play a significant role in offsetting the rise of in-work poverty across the European Union, according to a new report from Eurofound on the Concept and practice of a living wage in the EU.
Not finished at 50: Keeping older workers in work
Over the last decade, European labour markets have seen a surge in the number of older workers in work and a continuous decline in their unemployment rates. A lot of young and middle-aged workers lost their jobs in the Great Recession, but not so the older age group. This means they receive less policy attention, which is unfortunate for older workers who suddenly find themselves without a job.
Pay is just one aspect of disadvantage for women on the labour market
The equal treatment of women and men has been a fundamental principle of the European Union since its inception, but women in Europe still earn on average 16.2% less than men. Tomorrow, Saturday 3 November, marks the moment in the year when women symbolically stop getting paid compared to their male colleagues.