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Black Labor Decreases

Published: May 22, 2012; 15:13 · (Vindobona)

In Austria, the share of black labor is still big. However, there is a downward trend.

Black Labor Decreases / Picture: © Vindobona.org

The economist Friedrich Schneider (Johannes Kepler University, Linz) explains that black labor becomes less attractive when the business cycle is stable.

According to Schneider, the share of black labor in Austria comes at 7.8%. This is very close to the Swiss level (7.6%). In Austria, the volume of black labor is expected to decline to € 19.61bn (after € 19.83bn). As the…

This article includes a total of 211 words.

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