2006-08-09 above-averaged increase of the labor-costs
In the European Union is the average increase of labor costs is 2.8 per-cent. Austria (3.4 per-cent), Greece (5.9 per-cent) and the Middle- and East-European-countries Latvia (15 per-cent) and Estonia (11.7 per-cent) are obviously over the average. Germany takes in the wage-policy a special part as “increasingly ecological problem for Europe” , because in the Germany the increase of labor costs is simply 0.8 per-cent. Thus there is the risk of a European footrace of the lowest labor-costs. The differences in earnings and in the spending-power in the old and new member-states remain anyway enormous. So is the spending-power in a lot of European countries for example in Poland, in the Baltik States and in Hungary less then the half of the spending-power in Austria.
