{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Europe’s Ticking Time Bomb: Wage Inequality' data-url='/boclips/videos/6878fa498802842c0ca29e0b' data-video-url='/boclips/videos/6878fa498802842c0ca29e0b' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nEurope’s Ticking Time Bomb: Wage Inequality\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eDid you know that inequality is rising? This is because the top 20% of Europeans earn five times more than the bottom 20%? We know inequality is the result of faster income growth at the top and slower than average growth at the bottom, ...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eDid you know that inequality is rising? This is because the top 20% of Europeans earn five times more than the bottom 20%? \u003cbr/\u003e\u003cbr/\u003eWe know inequality is the result of faster income growth at the top and slower than average growth at the bottom,  and it's been this slow growth of wages at the bottom that’s been the main issue facing Europe since the financial crisis. \u003cbr/\u003e\u003cbr/\u003eWhile the impact has been felt the most in countries like Romania and Portugal, it's also been felt in Italy, and even in Germany. \u003cbr/\u003e\u003cbr/\u003eMinimum wages are different for families across Europe. To better understand the lay of the European landscape, here is  our crash course. \u003cbr/\u003e\u003cbr/\u003eAverage wages - an unequal landscape \u003cbr/\u003e\u003cbr/\u003eThe Mullers live in countries where they earn €1,450 or more a month (in Belgium, France, Germany, Ireland, Luxembourg, Netherlands and the United Kingdom). \u003cbr/\u003e\u003cbr/\u003e\u003cbr/\u003eThe Potamianos earn between €650 to €900 (in Greece, Malta, Portugal, Slovenia and Spain) \u003cbr/\u003e\u003cbr/\u003e\u003cbr/\u003eThe Baditas earn €500 or less ((Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania and Slovakia)) \u003cbr/\u003e\u003cbr/\u003e\u003cbr/\u003eAnne and Jodi Newman make less than the men – and for them,  gender pay gap is stark (16.2% on average). \u003cbr/\u003e\u003cbr/\u003e\u003cbr/\u003eAnne lives in Estonia which has the highest gender pay gap (25.3 %) But Romania-based Jodi’s gap is the lowest (5.2 %). \u003cbr/\u003e\u003cbr/\u003e\u003cbr/\u003eThe Newman family, like most Europeans, work in the service sector, making high-end wages (since 2013 71% of jobs have been in services). \u003cbr/\u003e\u003cbr/\u003e\u003cbr/\u003eEurope’s consumption-led growth means a lot of jobs created for people like Steve Newman– but at the lower end of the wage spectrum. \u003cbr/\u003e\u003cbr/\u003e\u003cbr/\u003eSo, to earn more, he like other Europeans wants to move to another country (12% of Europeans migrate for work). \u003cbr/\u003e\u003cbr/\u003e\u003cbr/\u003eIn Eastern Europe or some Mediterranian countries, Steve would earn less than €9,000 a year . \u003cbr/\u003e\u003cbr/\u003e\u003cbr/\u003eIn the EU-15 he’d earn more than €25,000. \u003cbr/\u003e\u003cbr/\u003e\u003cbr/\u003eBut if he makes it to the top 1% of earners in France, UK, Germany or Italy, Steve could make more than €62,000 per year. \u003cbr/\u003e\u003cbr/\u003e\u003cbr/\u003e\u003cbr/\u003eOf the jobs created in Europe since 2013, almost 3,000,000 jobs were created in what is called the high wage category; around 800,000 jobs were in the average wage category; and 1,500,000 jobs were created in the low wage category. \u003cbr/\u003e\u003cbr/\u003eThe minimum wage has varied very little in most of the high wage category countries: \u003cbr/\u003e\u003cbr/\u003eFighting to keep their youth \u003cbr/\u003e\u003cbr/\u003eThis trend is happening across Europe, from countries ranging from Austria to the Czech Republic, the Netherlands, and even Lithuania, where young people are leaving in droves for countries which can give them better incomes. \u003cbr/\u003e\u003cbr/\u003eThis is particularly a problem in a country like Latvia,  where wages are at four euros an hour, about three times less than the hourly wage across the EU . The disparity is leading more and more young Latvians to migrate in search of better opportunities. \u003cbr/\u003e\u003cbr/\u003eTo try to stem the flow, in January this year, the Latvian government increased the minimum wage to 430 euros a month. This is one way to help the lowest-income groups in a country that itself is deeply divided in terms of wages and job prospects, with huge disparities between the capital, Riga, and other areas of the country. \u003cbr/\u003e\u003cbr/\u003e\"If you take a measure of income like GDP per capita, in Riga that would be a level that is similar to the UK on average. If you take the Eastern Provinces, just a 4-hour drive away, the level of GDP per capita would be like South Africa,\" explains Vjačeslavs Dombrovskis, Chairman of the Certus Policy Think Tank Board. \u003cbr/\u003e\u003cbr/\u003eDombrovskis also explained to Euronews' Charlotte Kan that unemployment follows a similar trend, at 4-5% in the capital Riga, it shoots up to 18% in the eastern region of Latgale. \u003cbr/\u003e\u003cbr/\u003eAnother tactic put in place by the government to keep its youth at home is education, which in Latvia has a higher impact on wages and job prospects than in many EU countries. Particularly appealing are training courses in information and communication technologies that have promising job prospects. \u003cbr/\u003e\u003cbr/\u003e\"It's a growing industry: the government is investing because commercial rules and tax laws are more competitive [in Latvia] than in our target markets,\" says Janis Rocens, president of the leading IT services exporter SWH SETS. \"The outlook for an ICT company like ours in Latvia is 100% positive,\" Rocens added. \u003cbr/\u003e\u003cbr/\u003eWith higher wages, up-skilling for better career prospects, and even a Ministry of the Diaspora to stem the flow of youth departures, Latvia is attempting to put in place lasting solutions to offer youngsters a better future and to save its population from inexorable decline. \u003cbr/\u003e\u003cbr/\u003eSo how do you tackle a problem like inequality on a European scale? \u003cbr/\u003e\u003cbr/\u003eReal Economy presenter Maithreyi Seetharaman sat down in Brussels with European Trade Union Confederation Secretary General, Luca Visentini, to find out. \u003cbr/\u003e\u003cbr/\u003eShe began by asking Visentini what object he had brought to signify the inequality Europe is facing today. \u003cbr/\u003e\u003cbr/\u003eLuca Visentini, European Trade Union Confederation Secretary General: \u003cbr/\u003e\u003cbr/\u003eI've got this nice bicycle. I received it as\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator Rating\u003c/dt\u003e\n\u003cdd\u003e\u003cspan class=\"star-rating\" aria-label=\"3.5 out of 5 stars\" role=\"img\"\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid fa-star-half-stroke text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-regular fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003c/span\u003e\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt class=\"educator-rating-title\"\u003eEducator Rating\u003c/dt\u003e\u003cdd\u003e\u003cdiv class=\"educator-rating-details\" data-path=\"/educator_ratings/rrp_data?resourceable_id=91033490\u0026amp;resourceable_type=Boclips%3A%3AVideoMetadata\"\u003e\u003cspan class=\"not-yet-rated\"\u003eNot yet Rated\u003c/span\u003e\u003c/div\u003e\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eMedia Length\u003c/dt\u003e\n\u003cdd\u003e8:19\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eGrade\u003c/dt\u003e\u003cdd title=\"Grade\"\u003e9th - Higher Ed\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eSubjects\u003c/dt\u003e\u003cdd\u003e\u003cspan\u003e\u003ca href=\"/search?grade_ids%5B%5D=259\u0026amp;grade_ids%5B%5D=255\u0026amp;grade_ids%5B%5D=256\u0026amp;grade_ids%5B%5D=257\u0026amp;grade_ids%5B%5D=258\u0026amp;search_tab_id=1\u0026amp;subject_ids%5B%5D=358379\"\u003eSocial Studies \u0026amp; 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href=\u0026quot;/auth/users/sign_in\u0026quot;\u003eSign in\u003c/a\u003e or \u003ca class=\u0026quot;bold text-danger\u0026quot; data-posthog-event=\u0026quot;Signup: LP Signup Activity\u0026quot; data-posthog-location=\u0026quot;body_link_boclips\u0026quot; data-remote=\u0026quot;true\u0026quot; href=\u0026quot;/subscription/new\u0026quot;\u003eJoin Now\u003c/a\u003e\u003c/div\u003e\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\"\u003eVideo Transcript\u003c/a\u003e\n\u003c/div\u003e\n\u003cdiv class='additional-material'\u003e\n\u003ci aria-hidden='true' class='fai fa-solid fa-lock'\u003e\u003c/i\u003e\n\u003ca class=\"text-muted\" title=\"Video Preview\" data-html=\"true\" data-placement=\"bottom\" data-trigger=\"click\" data-content=\"\u003cdiv class=\u0026quot;text-center py-2\u0026quot;\u003e\u003ca class=\u0026quot;bold\u0026quot; href=\u0026quot;/auth/users/sign_in\u0026quot;\u003eSign in\u003c/a\u003e or \u003ca class=\u0026quot;bold text-danger\u0026quot; data-posthog-event=\u0026quot;Signup: LP Signup Activity\u0026quot; data-posthog-location=\u0026quot;body_link_boclips\u0026quot; data-remote=\u0026quot;true\u0026quot; href=\u0026quot;/subscription/new\u0026quot;\u003eJoin Now\u003c/a\u003e\u003c/div\u003e\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\"\u003eVideo Preview\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='concepts-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='concepts-heading'\u003eConcepts\u003c/h2\u003e\n\u003cdiv class='clearfix'\u003e\n\u003cdiv class='details-list concepts' data-identifier='Boclips::VideoDecorator6878fa498802842c0ca29e0b' data-type='concepts'\u003ewages, countries\u003c/div\u003e\n\u003cdiv class='concepts-toggle-buttons' data-identifier='Boclips::VideoDecorator6878fa498802842c0ca29e0b'\u003e\n\u003cbutton aria-expanded='false' class='more btn-link' type='button'\u003e\n\u003cspan\u003eShow More\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-down ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003cbutton aria-expanded='true' class='less btn-link' style='display: none;' type='button'\u003e\n\u003cspan\u003eShow Less\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-up ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='additional-tags-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='additional-tags-heading'\u003eAdditional Tags\u003c/h2\u003e\n\u003cdiv class='clearfix'\u003e\n\u003cdiv class='details-list keyterms' data-identifier='Boclips::VideoDecorator6878fa498802842c0ca29e0b' data-type='keyterms'\u003eeuropean union, european politics, business and finance, the world of work, videoelephant, job prospects, social partners, career prospects, increase wages, young people, jobs created, inequality, 000 jobs, created, people, earn, steve, higher\u003c/div\u003e\n\u003cdiv class='keyterms-toggle-buttons' data-identifier='Boclips::VideoDecorator6878fa498802842c0ca29e0b'\u003e\n\u003cbutton aria-expanded='false' class='more btn-link' type='button'\u003e\n\u003cspan\u003eShow More\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-down ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003cbutton aria-expanded='true' class='less btn-link' style='display: none;' type='button'\u003e\n\u003cspan\u003eShow Less\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-up ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='classroom-considerations-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='classroom-considerations-heading'\u003eClassroom Considerations\u003c/h2\u003e\n\u003cdiv class='classroom-considerations'\u003e\u003cdiv class='fai fa-solid fa-bell'\u003e\u003c/div\u003eBest For: Explaining a topic\u003c/div\u003e\u003cdiv class='classroom-considerations'\u003e\u003cdiv class='fai fa-solid fa-bell'\u003e\u003c/div\u003eVideo is ad-free\u003c/div\u003e \n\u003c/div\u003e\n\u003cdiv aria-labelledby='educator-ratings-heading' class='rp-info-section'\u003e\n\u003ch2 class='title sr-only' id='educator-ratings-heading'\u003eEducator Ratings\u003c/h2\u003e\n\u003cdiv id=\"educator-ratings-root\"\u003e\u003c/div\u003e\u003cdiv id=\"all-educator-ratings-root\"\u003e\u003c/div\u003e\u003cdiv id=\"educator-rating-form-root\"\u003e\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-resource'\u003e\n\u003cdiv aria-label='Show resource details' class='rp-show-info' role='button' tabindex='0'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\nShow resource details\n\u003c/div\u003e\n\u003cdiv aria-label='Video player' class='player' id='player-wrapper' role='region'\u003e\n\u003cdiv class='relative container mx-auto' id='lp-boclips-visitor-thumbnail'\u003e\n\u003ca class=\"block\" data-html=\"true\" data-placement=\"bottom\" data-trigger=\"click\" data-content=\"\u003cdiv class=\u0026quot;text-center py-2\u0026quot;\u003e\u003ca class=\u0026quot;bold\u0026quot; href=\u0026quot;/auth/users/sign_in\u0026quot;\u003eSign in\u003c/a\u003e or \u003ca class=\u0026quot;bold text-danger\u0026quot; data-posthog-event=\u0026quot;Signup: LP Signup Activity\u0026quot; data-posthog-location=\u0026quot;body_link_boclips\u0026quot; data-remote=\u0026quot;true\u0026quot; href=\u0026quot;/subscription/new\u0026quot;\u003eJoin Now\u003c/a\u003e\u003c/div\u003e\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Europe’s Ticking Time Bomb: Wage Inequality\" href=\"/subscription/new\"\u003e\u003cimg class=\"resource-img img-thumbnail img-responsive z-10 lp-boclips-thumbnail w-full h-full lozad\" alt=\"Europe’s Ticking Time Bomb: Wage Inequality\" title=\"Europe’s Ticking Time Bomb: Wage Inequality\" onError=\"handleImageNotLoadedError(this)\" data-default-image=\"https://static.lp.lexp.cloud/images/attachment_defaults/resource/large/missing.png\" data-src=\"https://cdnapisec.kaltura.com/p/1776261/thumbnail/entry_id/1_n1s51e4c/width/250/vid_slices/3/vid_slice/1\" width=\"315\" height=\"220\" src=\"data:image/png;base64,R0lGODlhAQABAAD/ACwAAAAAAQABAAACADs\" /\u003e\n\u003cspan aria-hidden='true' class='flex justify-center items-center bg-white rounded-full w-16 h-16 absolute top-1/2 left-1/2 -mt-8 -ml-8 cursor-pointer z-0 border-2 border-primary drop-shadow-md lp-boclips-thumbnail-playBtn'\u003e\n\u003ci class='fa-solid fa-play text-primary text-3xl ml-1 drop-shadow-xl'\u003e\u003c/i\u003e\n\u003c/span\u003e\n\u003c/a\u003e\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n"}