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Austrian Unit Labor Costs Down
Austrian enterprises become more competitive. Last year, unit labor costs were down by 4%.
Austrian Unit Labor Costs Down / Picture: © Vindobona.org
In 2011, productivity grew stronger than wages did. According to the Austrian economic research institute WIFO, Austria´s competitiveness increased. Productivity was up by 7.2%, gross wages increased by 2.9%.
In 2008, unit labor costs rose by 5.4%. One year later, unit labor costs were up by 11.5%. This was due to the short-time work in the manufacturing industry. In 2010, unit…
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