Black Labor Decreases

BusinessEconomy ♦ 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: ©

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…