Wage Inequality Rises in Europe as Workplaces Become Americanized

As European countries have tried to restore competitiveness, the decline of unions and the easing of worker protections such as restrictions on dismissals have helped “Americanize” workplaces there, says The New York Times. One consequence has been an increase in wage disparity. In Germany, for example, the richest 10% of people earned 26% of the nation’s income in 1991; by 2010 they took in 31%. Over the same period, the proportion of the nation’s income earned by the bottom half of the population fell from 22% to 17%.

This entry was posted in Leadership. Bookmark the permalink.

Comments are closed.