salaries
Wages in Germany will rise by 5.6% in 2024, an increase of 3.1% when adjusted for inflation, according to the Institute of Economic and Social Sciences at the Hans Boeckler Foundation (WSI). The WSI, looking at data from the first half of the year, said on Tuesday that wage increases are set to see the steepest rise in more than a decade. "This year, the strong real wage increases are, for the first time, significantly compensating for the massive real wage decline in 2021 and 2022 and the small minus in 2023," said the head of the WSI collective bargaining archive, Professor Dr Thorsten Schul...
Euronews (English)
Average salaries in Europe vary widely, significantly impacting hiring and job decisions. These differences can arise from country-specific regulations, labour laws, industry sectors, and economic development. Northern and western European countries have the highest average net earnings, while eastern and southern European countries report much lower figures. How do average earnings across Europe compare?Average annual net earnings are calculated by subtracting income taxes and social security contributions from gross annual earnings and then adding family allowances. Different family situatio...
Euronews (English)
Chief executives of major US companies saw their pay leap nearly 13% last year, soaring way ahead of their workers, according to data analysed on behalf of AP news agency. That was considerably higher than amounts earned by workers who are feeling the strain on their budgets because of inflation. The average pay packet for CEOs rose to $16.3 million (€15 million), up 12.6%, according to the Equilar data. Meanwhile, wages and benefits awarded to private-sector workers rose a much more modest 4.1% over the same period. That means an employer would need to work around 200 years to earn the same a...
Euronews (English)
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