Inflation Hits Workers in Europe Too
The status of workers' salaries in the face of inflation and the economic effects of wage increases continue to be significant topics of debate in both Turkey and European countries. OECD data shows that, except for Belgium, employee wages have decreased across Europe.Variations in Wage Adjustments Across European CountriesLong-term, it is believed that the price-wage spiral will continue to have negative effects on the entire Eurozone. Wage increases are a prominent topic in European countries as well, with varying wage regulations among nations.Legal Aspects of Eroding Salaries in the Face of InflationWhen examining salaries from a legal perspective in Europe, different practices can be observed. Countries like Belgium and Luxembourg automatically adjust wages for inflat...