The analysis that sheds light on another lie of the dollar media was published on Mandiner . Contrary to their claim, according to Eurostat, the purchase value of the Hungarian average wage is constantly improving. Piroska Szalai, a labor market expert, analyzed the situation - we take a look at it from this point of view.

As the origin of the analysis, it is worth pointing out: in 2021, the purchasing value of the Hungarian average gross income was 19th in the EU, not second to last, as the opposition circles erroneously claim!

For years, Eurostat has been working with the same method developed by the OECD, which is why it publishes excellently comparable data on the value of annual average earnings per country (net and gross, in the national currency of the given country, or converted into euros and at purchase value).

ALTHOUGH EUROSTAT DOES NOT PUBLISH QUARTERLY AND MONTHLY STATEMENTS FOR THIS AREA, THE ANNUAL DATA CAN ALWAYS BE SAFELY FOUND ON THE SURFACE. EVEN IF PEOPLE ARE LOOKING FOR THEM.

ACCORDING TO EUROSTAT, THE BUYER VALUE OF HUNGARIAN GROSS AVERAGE WIN IS CONTINUOUSLY IMPROVING,

in recent years, even during the coronavirus epidemic, we have advanced one place every year, so we are already ahead of Portugal and Greece, the Czech Republic, Estonia, Croatia, Latvia, Bulgaria and Slovakia - also mentioned above - in 19th place.

While in 2010 the purchase value of Hungarian gross earnings was only 35 percent of the highest in the EU, that of Luxembourg, the same value had jumped to 47 percent by 2021. But it is also worth mentioning that

WHILE IN 2020, REAL WINNING DECREASED ON AVERAGE IN THE UNION AND IN SEVEN MEMBER STATES, IT STILL INCREASED BY 3.4 PERCENT.

And in 2021, it grew the fifth largest, quantified by 7.7 percent. All this at a time when the data continued to show a decrease in 3 other countries.

Even in the year 2022, for example, only in Hungary there is a chance that real earnings will increase among the 32 member states of the OECD.

The engine of growth in our country is, on the one hand, this year's twenty percent increase in the minimum wage and the guaranteed minimum wage, and on the other hand, the still very tight labor market. So the fact is that employers in our country do everything they can to keep their employees, they raise the basic salary and also raise other elements of earnings other than wages and benefits.

Therefore, it may easily happen that in 2022 our country can move even further in the mentioned ranking, and the earnings gap will close even further, as there are good prospects for next year as well.

Source and full article: Origo

Featured image: MTI/Zoltán Balogh