Wage Inequality Rises in Europe as Workplaces Become " Americanized "

December 11, 2013
Compensation Research Fact 

Wage Inequality Rises in Europe as Workplaces Become " Americanized " 
Reasons ? 
(a) As European countries have tried to restore competitiveness,  
(b) the decline of unions and 
(c) the easing of worker protections such as restrictions on dismissals have helped “Americanize” workplaces there, says The New York Times. 

One consequence has been an increase in wage disparity ! 

 In Germany, for example, the richest 10% of people earned 26% of the nation’s income in 1991; by 2010 they took in 31%. 
Over the same period, the proportion of the nation’s income earned by the bottom half of the population fell from 22% to 17%.
SOURCE: Americanized Labor Policy Is Spreading in Europe
Courtesy : Harvard Business Review