COMMENT: Anyone in Luxembourg who has crawled into work this morning, exhausted after a week of late nights and dreaming of not getting out of bed tomorrow morning (or ever) might be surprised at the results of research carried out by Expertmarket.com and published on 24 May 2018. Why? Apparently, Luxembourg came out top in a study of, “Best cities for working less and earning more.”
The research carried out by Expert Market analysed population and wage data supplied by Deutsche Bank and UBS to find the cities that, “offer young workers great pay, amazing hours and ample annual leave,” and Luxembourg came out on top, followed by Munich, Paris, Helsinki and Lyon.
“Luxembourg,” the research says, “the pint-sized city state that gives all its citizens universal free healthcare, treats workers especially well. The average employee earns $4,491.50 per month for just 142 hours worked. That translates to an hourly wage of roughly $31.63.”
There is no doubt that Luxembourg offers generous annual leave, especially in comparison with the US, where, according to the article, “A fifth of private employers still don’t offer their employees paid vacation time.” However, as to the average young worker earning the equivalent of €3,385 per month, I think it is important to note that not all young workers in Luxembourg are equal.
Let’s assume that by young the research refers to under 30-year olds (since the research doesn’t actually specify its criteria here). Perhaps if they work in the Luxembourg civil service, this figure is not too far off. But service sector employees? I am not so sure.
As for Luxembourg being a great place to live and work, yes. As for us working less than in other cities, I don’t believe so.