MILAN – To address the labor shortages affecting some manufacturing sectors in Europe, the solution is simple: raise wages. This is according to a study published today by the European Trade Union Confederation (ETUC).
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An analysis of vacancy rates and wages in 22 European countries shows that areas with the greatest labor shortages pay on average 9% less than sectors where it is easier to hire new workers.
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In 13 of the 22 EU Member States for which data are available, the sectors that experienced labor shortages between 2019 and 2022 also offer the lowest wages. The largest wage differentials between sectors with the largest and smallest increases in labor shortages were found in Italy (€4.17 per hour), Luxembourg (€4.16), Germany (€3.26), the Netherlands (€2.49) and Greece (1.51 euros) ).
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“A decent wage is good for employees, employers and for Europe. Low wages are exacerbating the cost of living crisis, while labor shortages are affecting Europe’s economic output and public services. It is clear from this data that low wages are one of them.” “The key factors driving Europe’s recruitment challenges,” commented the Confederation Secretary General Esther Lynch. “Europe must be an ideal place to work. As early as the 1980s, Delors promised European workers the right to lifelong learning. It is time to deliver on this promise, which is fundamental to social Europe. That means investing in jobs with quality work, in paid leave for workers to train, in a just transition, in social conditions that guarantee companies invest in a market economy.”