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Income Report: Workers' Wages Fell in Real Terms

Politics ♦ Published: December 24, 2010; 00:05 ♦ (Vindobona)

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In its income report, the Audit Court presents the evolution of the income of the Austrians. Increasing differences can be identified.

Income Report: Workers' Wages Fell in Real Terms / Picture: © Wikimedia Commons / Alfred T. Palmer [Public Domain]

Income differences are growing noticeably in Austria, according to the results from the Court's report for the years 2008 and 2009. While officials with a € 48,000 annual income achieve an average of three times the income of a worker, they lose in real income too. In the last ten years the average inflation-adjusted income of a worker has dropped to 91% of the initial level. The…