The data showing that Athens is a cheap city for tourists but expensive for its residents confirms that wages, despite their increase, have not followed the pace at which the cost of living is increasing.
The data showing that Athens is a cheap city for tourists but expensive for its residents confirms that wages, despite their increase, have not followed the pace at which the cost of living is increasing.
In order to improve real income, the wage increase must go to the employee’s wallet, and not be “lost” in nonwage costs, as is the case today.
In many respects, Athens is cheaper than most major European cities. But for its own residents, stuck with low wages, it is…
Data show that rent for a three-bedroom apartment in the capital has risen more than 144% since 2016.
Housing costs for the average family in Attica that does not live in a property it owns have increased significantly.
Rising home prices continue to outpace household incomes, worsening housing affordability despite recent raises to the minimum…
The high cost of labor is changing the way workers are paid. Salary raises are less and less common through pay itself.
Student housing is expected to be even more expensive this year, as, according to data from Spitogatos Insights, the average…
