A new visual map or infographic comparing wage developments between the year 2000 and 2012 for the EU’s 28 member states provides proof of the impact of austerity and internal devaluation policies on wages in Europe.
Europe is still in the grip of austerity – even though, it became abundantly clear by now that the austerity measures of cutting wages and decentralizing or abolishing coordinated collective bargaining did little to improve the situation of the people living and working in Europe. On the contrary, the policies pursued by European policymakers and national governments have aggravated the existing problems and have added to the current economic crisis a deepening social crisis. In the majority of EU countries unemployment is still increasing, wages are still falling, a growing part of the European population faces the risk of poverty and growth has not been restored.
The objective of the wage infographic is to illustrate these developments for the 28 EU member states. The key focus is on wages, because wages are at the very heart of the austerity measures. The main results are:
Isabelle Schömann (ETUI) , Stefan Clauwaert (ETUI)
Rory O’Farrell (ETUI)