wagegap
The labour income share in Gross Domestic Product (GDP) presents a downward trend in Europe. This means that workers are getting a smaller slice of the cake. Falling labour shares are frequently associated with rises in income inequality as capital tends to be concentrated at the upper ends of income distribution. Defined by the International Labour Organisation (ILO), the labour income share in GDP is the ratio, in percentage, between total labour income and GDP, both provided in nominal terms. Labour income includes the compensation of employees and part of the income of the self-employed. I...
Euronews (English)
The right to equal pay for work of equal value has been in place for years. One of the earliest countries in Europe to implement equal pay laws for women was Iceland in 1961, with other countries following suit. Despite this, women throughout Europe still earn much less than men: in 2022, the gender pay gap was 12.7% in the EU, which means women were earning €87.30 for every €100 earned by men. The persisting gender pay gap has even led to the concept of Women’s Pay Day — a day each year on which the average woman symbolically stops working for free based on salary comparison to the average ma...
Euronews (English)
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