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Greece is the only EU country where minimum wage is lower than in 2008

Newly released Eurostat data on national minimum wages in the European Union have shown that while the minimum wage increased in all EU countries, in Greece it has decreased to level lower than in 2008.

In ten countries, out of the 22 that have a national minimum wage, the amount amounted to less than €500 a month, while in 7 EU states, workers on the minimum take home more than €1,000 a month.

<blockquote class=”twitter-tweet” data-lang=”en”><p lang=”en” dir=”ltr”><a href=”https://twitter.com/hashtag/Greece?src=hash”>#Greece</a> is the only country in Europe in which the minimum wage is now lower than in 2008, <a href=”https://twitter.com/EU_Eurostat”>@EU_Eurostat</a> says. <a href=”https://twitter.com/welt”>@welt</a> <a href=”https://t.co/wmwUbb2vyR”>pic.twitter.com/wmwUbb2vyR</a></p>&mdash; Olaf Gersemann (@OlafGersemann) <a href=”https://twitter.com/OlafGersemann/status/830084510373052417″>February 10, 2017</a></blockquote>
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Gross minimum wage was decreased in February 2011 as it was one of the prerequisites of the 1. bailout agreement. Aim of the decrease was to boost competitiveness.

 

580 euro per month is for full time job and for workers above 25 years old. Those below receive 510 euro gross.

In real Greek life, minimum wage is paid also to older workers, ie. an engineer, when they get hired in a job without specific experience in this sector, i.e at a supermarket.

The only competitiveness boosted in Greece is the competition among the unemployed that allows employees to dump salaries and wages.

 

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