Real wages fell in most European countries after record-high inflation eroded most of the nominal wage growth.

Which countries have seen the biggest changes in salaries?

https://www.euronews.com/next/2023/08/21/real-wages-are-down-in-europe-which-countries-have-seen-the-biggest-changes-in-salaries

#Europe #Inflation #Wages #RealWages #Economics

The growth of #realwages was the worst in #Hungary in the #OECD: -15.6%
#Hungarian #government would blame anything and anyone (especially the #EU, #Brussels, #Ukraine, #sanctions against #Russia), but themselves.

#Italy is the country with the steepest decline in real wages among the major OECD economies, and fourth-to-last overall. By the end of 2022, real wages had fallen by 7% compared to the pre-pandemic period. The results displayed in the OECD Employment Outlook 2023 cast a harsh light on the wage status of the country.

#OECD #EmploymentOutlook #realwages #2023

"In real terms (adjusted for inflation), growth in total and regular pay fell on the year in November 2022 to January 2023, by 3.2% for total pay and by 2.4% for regular pay. A larger fall on the year for real total pay was last seen in February to April 2009, when it fell by 4.5%, but it still remains among the largest falls in growth since comparable records began in 2001"

I wonder why people are striking?

#UKStrikes #RealWages #Inflation #UKPolitics

https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/uklabourmarket/march2023

During my lifetime, the proportion of Australia's GDP claimed by corporate profits (i.e. largely going into the coffers of the #plutocrats) has doubled.

Here's an expert breaking down the numbers, demonstrating that we are not facing an #inflation crisis so much as an unparalleled moment of #CorporateProfiteering. Even just looking at the last three years, if wages had stayed at the same proportion of GDP, then the average Australian worker would be $5k/yr better off.

Put differently, corporations have ripped about $15k from the average Australian worker since the start of the pandemic.

"wage growth has now lagged consumer prices for seven consecutive quarters. This is also a record. As a result, #RealWages have fallen by 5% in the three years since December 2019."

That's the result of opportunistic profiteering, aided and abetted by largely captured regulators.

It doesn't stop till it is made to stop.

#Auspol

https://theconversation.com/underlying-australias-inflation-problem-is-a-historic-shift-of-income-from-workers-to-corporate-profits-200700

Behind every Convenience store is an underpaid supply chain. #realwages #fairpay #consume #shop #Auspol2023 #satire #jobs #condition #humanrights #bullshitjobs #capitalocene

Someone was writing the answers on a board in the background, paid so much money yet can’t answer a question without help …bet they cheated in school times tables exams too #standwithyourpostie #fatcatbosses #supportthestrike #fairdayspay #realwages #cwu https://twitter.com/cwunews/status/1598080853405728770?s=46&t=itWu0KtnlhA7MhAknr6NLg

Please watch to the end, truly inspired & hopeful after this 10 minute news item on the importance of standing together for each other. Our lives depend on this message. Please watch, think, act #saveournhs #realwages #energycrisis #climatechange #knowyourhistory #standunited #doubledownnews #micklynch
https://twitter.com/doubledownnews/status/1595411970110287872?s=46&t=mVdEPZsUx4QsYGa5YIan2g