Post-tax incomes fell in real terms in more than half of OECD countries, according to the organisation’s latest study, published on Thursday 25 April. Between 2022 and 2023, average wages rose in 37 OECD member countries in nominal terms, but declined in real terms in 18 of the 38 member countries.
The fall in the real wage was greater than 2% in seven countries, including four EU countries: Estonia, the Czech Republic and Hungary, as well as Sweden, with falls of 2.2, 3 and 4.6%...