Some 20% of young people are still
typically precarious and on term contracts after five years of
work, Bank of Italy Governor Ignazio Visco said in his final
annual report Wednesday.
"In many cases, fixed-term employment is associated with very
prolonged precarious conditions; the share of young people who
are in fixed-term employment after five years remains close to
20%", he said.
"Too many, not only young people, do not have regular employment
or, despite having it, are not given adequate contractual
conditions", Visco stressed, also reporting a growth, now at a
rate of 30%, of workers with particularly low annual salaries,
below 60% of the Italian median pay of 11,600 euros per year.
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