Here’s how the global financial crisis is still affecting your wages

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Sean Fleming, Senior Writer, Formative Content More than 10 years since the global financial crisis, many people are still dealing with its aftermath. Global wage growth in 2017 fell to its lowest rate since 2008. Adjusted for inflation, real-terms […]

Why salaries could finally be on the way up

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Emma Charlton, Writer Tired of reading about robots coming for your job? There’s good news for job seekers around the globe in Manpower’s latest report: hiring demand is up and talent shortages are at a 12-year high, showing […]

EU Commission: a rise in wages and salaries may help create more jobs

The Eurozone unemployment rate in February remained stubbornly stuck at the high level of 11.9% since October 2013. According to Eurostat, the EU’s statistical service, the EU28 unemployment rate was 10.6% in February 2014, one decimal point lower than the 10.7% of January this year. Let’s dig a bit into unemployment. On an absolute number […]

EU Commission says falling labour remuneration leads to deflation and damages growth prospects

  The social situation in the European Union keeps degrading and in many countries it has compromised the social cohesion. Yesterday the EU Commission published its quarterly review on “Employment and Social Situation”, with the unbelievable conclusion that, “The recent economic recovery has not yet been able to create new jobs and the social situation […]

‘Habitual residence’ rules deprive EU workers from social benefits

With a timely move the European Commission published yesterday a guide on the application of the ‘Habitual Residence Test’, in this way permanently blocking what has been termed as social ‘benefit tourism’. By the same token, the Commission also erased the rightful expectation of people who are employed as ‘posted workers’ in another EU member […]

Germany: A grand coalition may trouble employers and bankers

The very likely formation of a grand coalition government in Germany, led by the CDU-CSU Christian democrats, under Chancellor Angela Merkel and comprising the SPD socialists, will not be without tangible results in at least two crucial fronts. The wages of Germany’s hard working millions and the long overdue rearrangement of Eurozone’s banking system, are […]

Is the EU’s enlargement over-stretched?

The myth that the European Union is a seamless economic volume is belied not only after the latest developments, with Berlin and Paris working hard to institutionalise the fragmentation of EU’s financial markets. The dysfunction is also depicted by hard-core macroeconomic and labour market statistics. Again it’s not only the huge differences in the relative […]