why are wages so low in europe?
242049
For well-paying jobs, they pay less in Europe because large European companies are generally less productive than their US counterparts. Businesses in the US are highly consolidated, which grants them the economy of scale which European companies can only dream off, and also in many cases, somewhat monopolistic power.
415785
Higher standards of living/Higher wages: Economic incentives provide both the biggest push and pull factors for potential migrants. People moving to more developed countries will often find that the same work they were doing at home is rewarded abroad with higher wages.
1187668
Players are being paid increasingly high wages because the clubs are making more money than ever. As a result of globalisation and technological advances such as the pay TV market, football has become more popular and so more profitable. ... The demand for players would drop and so would their wages.
1174023
The median income of persons at risk of poverty in the EU-27 was, on average, 24.5 % below the poverty threshold in 2018 (see Figure 8). This threshold is set at 60 % of the national median equivalised disposable income of all persons.
641898
The Czech Republic (2.2%), Germany (3.1%) and the Netherlands (3.3%) had the lowest unemployment rates in the EU. The highest unemployment rates were observed in Greece (18.1% in March 2019), Spain (13.6%) and Italy (9.9%).
1073807
Wages are low because there are many job seekers and few job creators. It is a matter of supply and demand. ... This allows Filipino businesses to keep wages low since there is no competitive pressure from foreign majority owned businesses for the job seekers.
1233267
Europe is cheaper than the U.S. based on variables such as prices of goods and services, exchange rates, and market conditions. Several quantitative indicators verify that Europe is cheaper, yet some important factors account for higher costs in some circumstances.
1188507
The wages and other monetary benefits that come with employment are an important aspect of job quality. Portuguese people earn USD 25 367 per year on average, much less than the OECD average of USD 43 241.
797237
Because there are so many unemployed people longing to get that job (high offer) that their cost is lower (salaries). This is extremely severe in some sectors as journalism or advertising (where people work for free with very long internships) although less in sectors such as IT.
199131
International trade is known to reduce real wages in certain sectors, leading to a loss of wage income for a segment of the population. However, cheaper imports can also reduce domestic consumer prices, and the magnitude of this impact may be larger than any potential effect occurring through wages.
700384
['Working in Europe as an Expat. ... ', 'Jobs for English Speakers in Europe. ... ', 'Computer Science Jobs in Europe for Digital Nomads. ... ', 'Healthcare Careers in Europe for Expats. ... ', 'Engineering Jobs in Europe for Expats. ... ', 'Digital Marketing Jobs in Europe for International Citizens.']
878201
['Bulgaria. Bulgaria consistently tops the list of cheapest countries in Europe, and for a good reason! ... ', 'Hungary. The famous thermal baths in Budapest, Hungary. ... ', 'Romania. If you want to visit one of the cheapest cities in Europe, look no further than Bucharest. ... ', 'Czech Republic. ... ', 'Poland. ... ', 'Slovakia. ... ', 'Iceland. ... ', 'Italy.']
705853
Overall, the cost of living in the U.K. is 6.51% lower than in the United States. Rent overall is about 27% lower in the U.K.
1049753
In 2018, median equivalised disposable income averaged PPS 16 938 per inhabitant in the EU-27, ranging from PPS 6 278 in Romania to PPS 32 158 in Luxembourg. In 2018, the 20% of EU-27 population with the lowest equivalised disposable incomes accounted for 7.8% of total disposable income.
1011395
Very low inflation usually signals demand for goods and services is lower than it should be, and this tends to slow economic growth and depress wages. This low demand can even lead to a recession with increases in unemployment – as we saw a decade ago during the Great Recession.
760437
Firstly, a minimum wage may not cause any unemployment. Labour markets are not perfectly competitive but have a degree of monopsony power. Demand for labour may be wage inelastic. Firms just pay higher wages and there is little fall in demand.
298665
Taxes were high and so were prices, but the wages were low. Unable to provide for their families the lower classes of France were also in an economical crisis, which was one of the things that drove them to revolt. Another major cause to the French Revolution was Politics.