“Though we’re dashing from one employment report to the following, complete working hours have solely elevated barely over the previous 15 years. In complete, we’re even working lower than in 2019,” says Agenda Austria economist Denes Kucsera.
The primary break occurred through the monetary disaster, and since then the quantity of labor has elevated lower than the variety of dependent staff. A second break got here with the corona pandemic. The quantity of labor fell by 0.5 %. Kucsera: “That is primarily as a result of development in the direction of part-time work, which is promoted by our tax system. For many individuals, working extra is hardly value it.” This could possibly be Austria’s downfall: Within the majority of EU nations, the quantity of labor is growing. “This is among the causes for the weak financial progress in Austria.”
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Picture: Agenda Austria, OÖN-Grafik