According to the Organization for Economic Co-operation and Development’s (OECD) (released by Kathimerini), there is a large decrease in the net salary of the Greeks.
OECD’s data shows that the net salaries of the Greeks has decreased by 1.7 percent compared to those of 2000. Those who work in the private sector have lower net salaries than bank clerks and those working in the Public Sector.
The employees at the Hellenic State-owned Enterprise (DEKO), are the only ones whose net salaries are actually higher than they were back in 2000.
In detail, OECD’s report shows:
- Net salaries of all employees have increased by 23.2 percent during the period 2000-2009. In the next four years, the net remuneration has dropped by 20.2 percent. Thus, the total loss for the period 2000-2012 stands at 1.7 percent
- Public servants have suffered a smaller decrease in their net remuneration due to the significant raise in their wages during the period 2000-2009.
- Bank employees have managed to get a raise of 17.1 percent during the period 2000-2009. Due to the economic recession, there was a decrease of 17.2 percent. Through the years 2000 to 2012, their net salaries were decreased to 3.1, in comparison to those of 2000.
- Self-employed individuals have seen their wages raised by 24.4 percent during the period 2000-2009, while over the following four years suffered pay cuts up to 21.2 percent. This resulted in a decrease in their net salaries by 2 percent.
- Last but not least, minimum wage has dropped to the lowest level from 2000 to 2012 due to recent changes in the law. The current minimum wage, as it is set by law, is 10 percent lower than that of 2000.