Is the Hungarian worker richer than the Austrian?

According to szakszervezetek.hu, although statistics of poverty have received considerable publicity in recent times, based on an international comparison, Hungarian workers are not poorer than, as we say, an Austrian. In fact, he is even in a better situation, according to the OECD graph – mfor.hu said.

The proportion of workers in Hungary, who work for less than the poverty line (50% below the average income) was 7.2% – OECD graph reveals which processed data not older than from 2013. This, if we calculate with the employment number of 3.9 million, can mean nearly 280 thousand people.

However, it is more interesting that we are not in a bad situation, according to OECD data. The Austrians – who usually represent the benchmark for our country – are significantly poorer. In Austria, 7.8% of the workers worked for a lower amount of money than the poverty threshold.  But also surprisingly, the Hungarian indicator is even better than the French, where working poverty is 7.3%. Otherwise, Norway stands before Hungary with a 6.7% rate.

If you narrow the scope to the Visegrad countries (Poland, Slovakia, Czech Republic and Hungary), only the Czech have a better figure, where working poverty is 4.7%, while it is 8% in Slovakia and 9.2% in Poland.

There are more surprises!

The OECD graph has more interesting things besides the Hungarian rank. As a European country, the worst situation is in Greece, where 15.8% of the workers work for less than the half of the average income.

The rank of the USA could also be surprising, since there is the 10^th highest working poverty among OECD countries. 11.9% of the American workers get less money than 50% of the local average income.

And who has the most prestigious place? The largest economy of the European Union, Germany, where only 3% of the workers had to work for less than 50% of the local average income. It is followed by Denmark with 3.9% and Finland with 4.1% working poverty.

Note: It is worth considering the difference between the living standards of each countries too, if you would like to compare the well-being of working people.

based on the article of szakszervezetek.hu
translated by BA

Graph: www.oecd.org

Source: http://www.szakszervezetek.hu