People took to the streets because of the cost of living!

Demonstrations organized in many cities across the country, especially in Vienna, the capital of Austria, protested against the high cost of living and insufficient salaries. The statements of the country's president on the protests drew attention.

In the demonstrations, which took place in about 40 locations across the country as well as in the city, with the participation of a total of 30 thousand people, they demanded an increase in the salaries of workers, especially the minimum wage, and to prevent the cost of living. Speaking at the demonstration, ÖGB President Wolfgang Katzian stated that the minimum wage negotiations that started last week failed to reach an agreement due to the ever-increasing inflation and argued that the government should make a similar arrangement for natural gas prices, similar to the discount regulation for electricity prices. Renate Anderl, President of the Chamber of Labor, pointed out that big companies are making significant profits in this process and said that the government should take action against this situation and demanded taxation of high incomes. Meanwhile, current President Alexander Van der Bellen, who is running for a second term in the presidential elections to be held on September 9, announced on his social media account that he supports the demonstrations organized across the country. Van der Bellen said that he could not attend the demonstrations as the President of the Republic, but he found the demands of the laborers oppressed by the cost of living appropriate. Inflation in the country continued to climb due to the Russian-Ukrainian war, reaching 10 percent, the highest level since 1975. Although the government has announced various aid packages in the face of the cost of living, no serious steps have yet been taken on salaries. The Austrian Trade Union Association demands that the minimum wage, which is currently 1600 euros gross, be raised to 2,000 euros gross. Follow Global Economic Developments on Social Media! Click here to follow Ieconomy official Facebook account! Click here to follow Ieconomy official Instagram account! Click here to follow Ieconomy official Twitter account!