Disappointing
In the years from 1994 to 2024 the average real wage growth in Western European countries was quite disappointing. For instance Italy and Spain haven’t seen any real growth at all. 3 decades wasted.
Countries like the Baltic states, Poland and the Scandinavian countries saw very nice growth, but for the rest of the European countries wage really hasn’t followed economic growth…
Was the creation and implementation of the Euro really a good deal for the Western European countries? I don’t think so, the Eastern European countries profited, the rest is suffering.
Time for change in Europe!
Sincerely,
Pele23
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