Post available to Premium Members only. Please upgrade your account in order to apply.
Let's start with the member who caused a lot of problems for EU- Greece. The surprising results show that Greek workers work longer than any other country on a weekly level. These long working hours have a lot to do with very low level of productivity that Greece has been dealing with for so long. Besides, Greece is facing the highest level of pensioners that is seriously pressing its economy as well as very low pays.
When it comes to Italy, the situation is slightly different. They are dealing with very old population but also with very small percentage of educated workers.
Speaking of Mediterranean countries, Spain has even bigger problem with unemployment, especially among younger population. Salaries are very law. But there are a lot of bright facts as well: Spanish workers are very productive, 2nd best in Europe and, in opposite to countries above, their population is very young.
Situation is by far, the worst in Portugal. That's the country with the lowest salaries and the least productive level. Not to mention low education as well.
Let's move to the second largest economy in Europe- France. They are in the middle of the list on most of parameters: productivity, education, working hours. Annual pay as well. The interesting fact is that they retire prior any other nation in European Union.
Situation in Netherlands is even better. They enjoy the least amount of working hours and very high pay, the second biggest in Europe after Germany.
When it comes to German economy, they can boast about the lowest unemployment rates in the whole continent as well as about high salaries. What is very surprising is that their working hours last less than those in Greece or Portugal. And that's not because they are the most productive. Speaking about German productivity, they are in the middle of the list.
And final part of European Union not covered already is British Isles. Ireland is the ultimate success story. They are the most productive nation, both in industrial and service labor, and the most paid one. United Kingdom is the country of the most educated workers despite being on the third place when it comes to salaries.
What facts mentioned above surprised you the most? Should we expect some changes? Please join the debate in comment section below.
Cover image: link