As shown by a recent European Commission report, the private sector is slowly losing its former glory. It appears that nowadays, the salary of civil servants exceed those of a private sector employee.
Since the financial crisis, caused by the state, the private sector has had to endure the aftermath and most importantly the fiscal adjustment. More than 1.5 million people have lost their jobs and those that have been able to keep them are trying to make a living with lower salaries that are usually even less than those of a civil servant.
A university graduate over 25 years-old without any previous work experience is currently paid 586 euros in the private sector, and 510 euros if he or she is under 25 years of age. However someone with the same qualifications in the public sector has a salary of 1,000 -1,100 euros. Furthermore, an employee that is not married and is not a university graduate, but has nine years of experience gets 761.90 euros in the private sector and 1,000 euros in the public sector.
Unfortunately the rather high non-salary costs in Greece burden business owners leading to increased unemployment, reduced investments, evasion of social security contribution and undeclared labor.