Workers, employers in EU face huge uncertainty
Jerome Hughes
Press TV, Brussels
According to a study just published by the European Trade Union Confederation, wage inequality has grown in a majority of EU countries, 14 out of the 27 member states to be precise. The report was released to coincide with a meeting of EU employment ministers. They've agreed on a wage directive designed to protect those on low incomes.
Million of people in the EU are working in precarious jobs. Most of them are young adults.
Although the new directive was passed here in the Council, Hungary and Denmark voted against it while Germany and Austria abstained. Analysts say it's clear there will never be an EU-wide minimum wage. Pay systems and economies vary greatly. For example, currently, the minimum wage in Bulgaria is €312 a month. In Luxembourg it is €2,142.
Employers are afraid to invest at present due to all of the unknowns surrounding COVID-19, high energy prices and political uncertainty in some EU nations.
Disaster is around the corner for the EU project, experts warn, if the bloc's leaders continue with their failure to deliver greater social justice.
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