Citizens of the EU are getting acquainted with their new best friend…”Mr. Poverty”!

Greetings,

Make no mistake about it, poverty is spreading like a wildfire across the Western world, be it America or Europe. Their economic might has collapsed. Their influence is in doubt. This is all because they all refused to heed divine warning of this day that was approaching them and is now come!

Housing crisis….Hunger problem…Market crashes….High unemployment….Population dissatisfaction….The threat of civil war…Economic collapse….and a growing number of poor and destitution….This is not only the future of Europe or the so-called EU, but this is really the case for the entire world I.E…. white world!

   Millions of Europeans are poor despite having a full-time job

—

Thirteen million Europeans fall below the EU’s poverty line despite having fulltime jobs, especially in Germany, according to a new analysis by the European Trade Union Institute (ETUI).

At the same time, the number of ‘poor’ full-time workers has grown over the past five years, the study showed.

Workers can be counted as ‘poor’ if they earn 50% or less than the average in a specific country.

“The risk of living in poverty has increased in the past years and increased the most among workers in full-time jobs. It’s a thought-provoking and worrying development. Previously we saw that if you had a full-time job, you would have a salary which you could live of, but this is no longer the case,” Maria Jepsen, research chief at ETUI, told the Danish newspaper Politiken.

The trend is especially visible by Germany, where the economic crisis, jobs moving to Eastern Europe, and workers arriving from new member states has put wages under pressure particularly in the transport, hotel and cleaning industries.

In some sectors the real wage has fallen between 10-18% in only a few years, while growing almost 20% in other sectors.

Lars Andersen, director of the Economic Council of the Labour Market in Denmark, calls the situation in parts of the German labour market, ‘the Wild West’.

“The consequence is that the German society will be so skewed that every fifth worker in Germany is low-paid. Even if they work full-time, they don’t have a wage to give their family a decent life. It will be difficult to provide housing and food on the table, and they won’t be able to afford vacations,” Andersen said.

Thomas Rickers, chairman of the German metal workers at the Baltic Coast, told Politiken that the German labour market isn’t a role model.

“It sounds good when you hear about the economic development in Germany – low unemployment and surplus in the trade balance. But one forgets that millions of workers have paid and still pay for ‘the German model’ with falling wages,” Rickers said.

Source: www.euractive.com

Click here for reuse options!
Copyright 2014 Hiram's 1555 Blog