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Many jobs paying less than in 1990

The Local · 6 Jan 2010, 15:22

Published: 06 Jan 2010 15:22 GMT+01:00

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Adjusting current salaries for inflation, a report for the latest edition of Stern magazine showed half of the most common jobs in Germany were paying less than they did in 1990.

Among the hardest hit included people working in advertising, IT specialists and dental technicians, who have all seen more than a 30-percent drop in income. Doctors, still Germany´s best earners, made on average €6,400 a month in 2008, which is less than half of their income in 1990.

But salaries for realtors, administrators, bank employees and investment consultants all increased.

The report estimated that inflation has risen 47 percent since 1990, which means real wages have declined even if absolute salaries are higher than back in 1990.

Story continues below…

Stern also noted another important development in German payroll practices: the move away from the special payments for Christmas and summer holidays often called the “13th month” of salary for employees. Instead, many German businesses are following the Anglo-American trend towards profit-sharing, which ties extra income to the firm’s success.

The Local (news@thelocal.de)

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Your comments about this article

22:30 January 6, 2010 by Fredfeldman
How about a little profit sharing in my direction? ;-)

"Them thats got shall have, them thats not shall lose, so the bible says and it still is news..."
04:05 January 7, 2010 by 1FCK_1FCK
Ahh, what a wonderful world. The filthy rich cause a worldwide depression and then proceed to make themselves even richer off the misery they've created. You'd think people would've had enough by now & revolted. I guess most of us are satisfied with starving so long as we're not also tortured or imprisoned.

People are just monkeys (chimps, actually) whose brains, by an accident of evolution, got too big for our own good. We're smart enough to build & use extraordinary technology, but dumb enough to continually foul our own nest. We deserve whatever hell awaits us.
12:16 January 9, 2010 by scout1067
I dont think chimps live in or build nests, so your analogy falls apart.

We should revolt and do what? I would guess you don't have a plan or even an inkling of a plan for what comes after but you are plenty angry at THEM. Typical liberal, lets blame somebody but not me.
13:58 January 10, 2010 by DK_India
Now the working population against tax cuts might wanna rethink!!

Its interesting to see the contrast - in most countries, companies do not dare do this, or else people would switch jobs in order to earn better!

But ofcourse most Germans decide where they want to live, settle a home there and stay with the same job forEVER! and probably at the same salary (inflation adjusted).
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