The labor costs in Germany, according to a study grow slower than the EU average. 2007, the cost of an hour worked rose by 1.2 percent, while the increase in the EU at 3.7 percent in the euro zone at 2.6 percent, as the Institute of Macro Economics and Business Research (IMK) Hans Böckler Foundation announced. 2008 this trend had continued.
With an average of 28 euros per hour worked in Germany is the EU at the eighth place in only seven states had higher labor costs. There were, however, differences between industry and service providers: During one hour of work in the industry will cost 32 euros and Germany for EU-wide in fourth place, is a working hour at 25.60 euros service providers with significantly cheaper. Germany is thus the tenth place in the EU.
The growth in Germany spurred the rise of low labor cost estimates IMK chief Gustav Horn limited: "We will help the economy as a whole but only conditionally, because as a flipside of the coin weak domestic incomes and demand," he said.
With an average of 28 euros per hour worked in Germany is the EU at the eighth place in only seven states had higher labor costs. There were, however, differences between industry and service providers: During one hour of work in the industry will cost 32 euros and Germany for EU-wide in fourth place, is a working hour at 25.60 euros service providers with significantly cheaper. Germany is thus the tenth place in the EU.
The growth in Germany spurred the rise of low labor cost estimates IMK chief Gustav Horn limited: "We will help the economy as a whole but only conditionally, because as a flipside of the coin weak domestic incomes and demand," he said.
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