Italy records biggest wage drop in the EU amid pandemic downturn

Italy's comparatively low pre-pandemic salaries have now fallen even further, a new report revealed.

The average salary of a https://kellettfilms.tumblr.com/post/666830230426714112/kellett-films-reviews full-time employee in Italy dropped more than https://kellettfilms.wordpress.com/2021/11/03/kellett-films-reviews/ any other EU country amid the pandemic-induced economic downturn, according to an Italian research institute.https://www.sdcindia.ac.in/forum/alumni-talks/kellett-films-how-does-male-enhancement-solution-work

That means  https://kellettfilms.blogspot.com/2021/11/kellett-films-reviews.html that, on average, workers in Italy took home 1,724 euros http://kellett-films-reviews.jigsy.com/ less in 2020 compared to the year before, marking an overall drop of 5.8 percent in wages.https://visual.ly/community/Infographics/health/httpswwwtodaykhoecomkellett-films-reviews

The EU salary average also declined, but https://kellettfilms.livejournal.com/293.html much less steeply, recording https://paper.li/kellettbuy a drop of 1.2 percent. The eurozone instead noted a 1.6 percent reduction in earnings.https://kellettbuy.blogspot.com/2021/11/kellett-films-reviews-how-does-male.html

READ ALSO: Italy loses https://sites.google.com/view/kellett-films/kellett-films-reviews almost one million jobs in a year to the coronavirus crisis.http://kellettfilms.blogsidea.com/9883596/https-www-todaykhoe-com-kellett-films-reviews

The report highlighted Italy’s https://www.tripoto.com/trips/create/tripoto-61826153338c6 large number of workers https://www.techrum.vn/members/jertyzoler01.175980/#about on part-time and short-term contracts and noted how this impacts the country economically.

There are currently around 3 million https://bigkis.com/jertyzoler01 temporary workers and 2.7 million ‘involuntary’ part-timers, which https://www.paperpage.in/jertyzoler01 means those who work part-time not by choice, the data showed.

The percentage of involuntary https://iroot.world/jertyzoler01 part-time workers in Italy is the highest at European level, with https://kaalama.org/read-blog/49793 two-thirds (66.2 percent) of the total number of workers in Italy employed in this way. This is much higher than the eurozone average of 24.7 percent.https://superanunciosweb.com/portal/index.php?page=item&id=80473

Overall, the number https://fmtoq.com/jertyzoler01 of people employed part time in Italy and the number of hours worked is around the European average.https://loop.frontiersin.org/people/1543331/bio

The study pointed out that short-term https://community.buzrush.com/profile/jertyzoler01/ contracts should, in theory, be a way to fill http://www.rippedmass.org/forums/members/jertyzoler01.html gaps temporarily but are in many https://kellettfilms.shivtr.com/forum_threads/3661895 cases often assigned to those with “low qualifications”.https://www.designspiration.com/jertyzoler01/

Italian part-time wages are https://www.kongregate.com/accounts/jertyzoler01 also more than 10 percent lower than https://dribbble.com/jertyzoler01/about the average in the EU.

Even before the economic slump https://www.outlived.co.uk/author/jertyzoler01/ caused by the pandemic, in Italy in 2019, around five million people earned under 10,000 euros gross per year, the study found.

SURVEY: Foreign residents rank Italy http://clashofclansbuilder.com/forums/thread/387714 one of ‘worst countries in world’  https://quickfinds.in/jobs/healthcare/hydrossential-serum-reviews_i233353 for finances https://www.secondhandbazaar.in/services/other-services/hydrossential-serum-reviews_i134620 and working abroad

The institute also calculated what http://www.247adverts.com/for-sale/health-beauty/hydrossential-serum-reviews_i273793 it claims are the ‘true’ figures of unemployment in Italy, which for 2020 stands at 14.5 percent compared to the official https://www.twarak.com/ad/delhi/health-beauty/health_care_products/928749/hydrossential-serum-reviews/ figure of 9.2 percent.

That corresponds to almost  https://opensale.ca/ad/576/hydrossential-serum-reviews-2four million more unemployed people than the recorded 2.3 million, making the number of people out of work in Italy at over six million, according to the research firm’s estimates.

“It is clear that the issue of work concerns https://www.adpost4u.com/services/health-beauty-fitness/171463/hydrossential-serum-reviews the quantity of employment but also many aspects of its quality,” the organisation’s president, Fulvio Fammoni, https://www.expatriates.com/cls/49133071.html told reporters.

Referring to the government’s plans https://exzire.com/ads/index.php?page=item&id=23759 for the 2022 Budget, he http://iraq.arabsclassifieds.com/health-beauty/hydrossential-serum-reviews-2.html indicated that the question should be http://www.innetads.com/view/item-2062054-Hydrossential-Serum-Reviews.html how much these funds solve Italy’s fundamental problems, rather than simply how to use them up.

Their findings also looked at the work market http://www.hot-web-ads.com/view/item-14471846-Hydrossential-Serum-Reviews.html in the previous decade, which revealed that between 2010 and 2019, average earnings in Germany increased by 5,430 http://www.usnetads.com/view/item-131629258-Hydrossential-Serum-Reviews.html euros per year compared to Italy’s decline of 596 euros annually.

EXPLAINED: What changes https://yarabook.com/1635925159300590_189396 in Italy’s new budget?

Italy also records some of the https://community.tubebuddy.com/index.php?members/87479/#about longest working hours, while productivity https://forums.ubisoft.com/member.php/7214245-jertyzoler01 lags behind the EU average – including behind other major economies such as Germany, France and Spain.

Foreign nationals who https://forum.adguard.com/index.php?members/jertyzoler01.52764/#about move to Italy have also reported problems with pay and working conditions, with those moving to Italy less satisfied with their financial situation than https://os.mbed.com/users/jertyzoler01/ in any other country, a 2021 survey found.

A third of foreign residents in Italy https://newsonlinereviews.blogspot.com/2021/11/italy-ready-to-consider-mandatory-covid.html said their disposable household income is not enough to cover their expenses