Business - Economy

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…

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Black Labor Decreases

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

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.