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EU: Austrian Labor Costs Rose Decently
Since 2000, Austrian labor costs rose by 40%. Among the 27 member states, Austria ranks 22th.
EU: Austrian Labor Costs Rose Decently / Picture: © Wikimedia Commons / Alfred T. Palmer [Public Domain]
Among the EU and Eurozone countries, the highest growth in salaries and wages was observed in Slovakia. Wages and salaries went up by 188% since 2000. Germany recorded the lowest growth rate (+18%). Outside the Eurozone, it was the UK (+8%).
In Austria, average salaries and wages were up by 40%. Among the Eurozone members, Austria ranks 14th. The EU-average was a rise…
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