26 Sep 2017

It pays to be young in Estonia

Estonia is a country that loves its young people. In the spirit of putting our money where our mouths are, this affection for our youth is clearly reflected in their salaries. 

Marian Männi
Marian Männi Eesti Ekspress, Estonia
Source: Eesti Ekspress
It pays to be young in Estonia - NewsMavens
Euro bills. Photo: Stux/Pixabay (CC0)

Why this story matters:

Estonia is a country that loves its young people. Our Prime Minister Jüri Ratas, at the age of 39, is one of the youngest leaders in the EU. This year, 16 and 17-year-olds will get to vote for the very first time.

In the spirit of putting our money where our mouths are, this affection for our youth is clearly reflected in their salaries. A recent study by Fontes shows that out of the entire working population, it is the 30-year-olds that are paid the most.

I'm not complaining, I'm in my 30s too, but beware the flip side: Estonia is not the best country to settle if when you happen to be a pensioner.

Details from the story:

  • Salaries in Estonia have been increasing rapidly in recent years and are currently at unprecedented levels.
  • Salaries rose in all fields, across the country, with the highest levels reached in the IT sector.
  • Employers are concerned they will not be able to meet employee expectations. At the same time, there is a serious shortage of both skilled and unskilled workers in most sectors. Both the private and the public sector are having trouble attracting talent.
  • According to the survey by #Fontes, the average salary in Estonia in 2017 is 1506 euros. Though this is low in comparison to other Nordic countries, for Estonia this level is higher than ever before.
  • On the flip side, Estonia continues to show a substantial gender pay gap. The trend is moving towards closing this distance, but there is still a ways to go.
  • You can find the survey and the details here: https://drive.google.com/file/d/0B3RiPziuW_WUMlROemZpYUc2T3c/view
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