Greece holds the record for the sharpest slide in the minimum wage levels from 876.62 euros at pre-crisis levels to 683.76 euros (current rate). In the last eight years from 2008-2016, the minimum wage has been slashed by 19.5 percent in Greece while other countries where bailout agreements had been imposed are enjoying increases to the minimum wage levels.
Maria Karamesini, chief of the Greek Manpower Employment Organization (OAED), presented the figures showing Spain having already noted a 1.3 percent increase to its minimum wage, Ireland a 5.2 percent increase and Portugal a 14.9 percent increase from 2008-2016. For Greece, the opposite is true, with steady reduction to the minimum wage in both stated and real values.
Greek daily newspaper, Ethnos, reports that the average wage from 2009-2014 has been reduced by 28 percent. The newspaper states that the middle class has been reduced according to statistics. While 29 percent of the population belonged to the middle and upper classes in 2008, a huge chunk is receiving income beneath the poverty level just five years later.
So how much money are different Greeks in various professions actually making?